Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Entered Today Up For the 2nd Straight Day; Breaks Above 20 Day Average

Natural Gas 4 Hour Price Update

Updated January 05, 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 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

Natural Gas came into today up 1.65% ($0.04) from the open of the day prior, marking the 2nd straight day an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 2nd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

First things first: Natural Gas crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.