Natural Gas 4 Hour Price Update
Updated May 28, 2021 01:53 AM GMT (09:53 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. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the last 4 hour candle in terms of percentage price change.
Natural Gas Daily Price Recap
The choppiness in the recent daily price action of Natural Gas continues; to start today, it came in at a price of 2.958 US dollars, down 2.28% ($0.07) since yesterday. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. The daily price chart of Natural Gas below illustrates.
Natural Gas Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Natural Gas crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. 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. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone down 7 them.