Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Fares the Worst Out of energy commodity; Entered Today Down 4.85%

Natural Gas 4 Hour Price Update

Updated April 06, 2021 01:54 AM GMT (09:54 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

Natural Gas entered today at $2.511, down 4.85% ($0.13) from yesterday. Those trading within the energy commodity asset class should know that Natural Gas was the worst performer in the class today. The daily price chart of Natural Gas below illustrates.

NG1

Natural Gas Technical Analysis

Notably, Natural Gas crossed below its 20 and 200 day moving averages yesterday. Volatility for Natural Gas has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 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 30 days Natural Gas’s price has gone down 19 them.