Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Outperforms All energy commodity; Started Today Up 2.24%

Natural Gas 4 Hour Price Update

Updated June 01, 2021 01:53 AM GMT (09:53 PM EST)

2.598 was the closing price of the four-hour candle for Natural Gas, resulting in the current 4 hour candle being one in which price moved down 0.23% ($0.01) from the previous 4 hours. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the four-hour candle in terms of price change relative to the previous 4 hours.

Natural Gas Daily Price Recap

Natural Gas closed the day prior up 2.24% ($0.07); this denotes the 2nd straight day an upward move has occurred. On a relative basis, today was pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂 Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Coming into today the current price of Natural Gas is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Natural Gas’s price has gone up 7 of the previous 14 trading days.