Natural Gas 4 Hour Price Update
Updated February 19, 2021 01:53 AM GMT (09:53 PM EST)
The back and forth price flow continues for Natural Gas, which started the current 4 hour candle off at 2.598 US dollars, 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
The end of a 4 day positive run has come for Natural Gas, which finished the previous day down 4.26% ($0.14). 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
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 14 and 30 day charts, may be slowing down and ready to reverse.