Natural Gas 4 Hour Price Update
Updated April 08, 2021 01:56 AM GMT (09:56 PM EST)
The choppiness in the recent four-hour candle price action of Natural Gas continues; to start the current 4 hour candle, it came in at a price of 2.598 US dollars, down 0.23% ($0.01) since the last 4 hour candle. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the last 4 hour candle in terms of percentage price change.
Natural Gas Daily Price Recap
2.52 was the closing price of the day for Natural Gas, resulting in today being one in which price moved up 2.61% ($0.06) from yesterday. Natural Gas outperformed all 6 assets in the energy commodity asset class since yesterday. Congrats to its holders! Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Notably, Natural Gas is now close to its 20 and 200 day averages, located at 2.57 and 2.52 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 14 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 8 out of the past 14 days.