Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Tops All energy commodity; 3 Day Down Streak Ended

Natural Gas 4 Hour Price Update

Updated July 19, 2021 01:55 AM GMT (09:55 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. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the previous 4 hours in terms of percentage price change.

Natural Gas Daily Price Recap

The end of a 3 day negative run has come for Natural Gas, which finished the day prior up 1.66% ($0.06). On a relative basis, today was pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂 The daily price chart of Natural Gas below illustrates.

NG1

Natural Gas Technical Analysis

Notably, Natural Gas is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Natural Gas has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 additional context, note that price has gone up 8 out of the past 14 days.