Natural Gas 4 Hour Price Update
Updated April 26, 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
2.73 was the closing price of the day for Natural Gas, resulting in today being one in which price moved down 0.69% ($0.02) from the day prior. Those trading within the energy commodity asset class should know that Natural Gas was the worst performer in the class today. Let’s take a look at the daily price chart of Natural Gas.
Natural Gas Technical Analysis
Notably, the current price of Natural Gas is sitting close to its 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Natural Gas’s price has gone up 9 of the previous 14 trading days.