Natural Gas 4 Hour Price Update
Updated March 22, 2021 01:52 AM GMT (09:52 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. 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 last 4 hour candle.
Natural Gas Daily Price Recap
The back and forth price flow continues for Natural Gas, which started today off at 2.535 US dollars, up 2.18% ($0.05) from yesterday. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 2nd since yesterday in terms of percentage price change. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
The first thing we should note is that Natural Gas is now close to its 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down 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. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone down 7 them.