Natural Gas 4 Hour Price Update
Updated April 01, 2021 01:52 AM GMT (09:52 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 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
Natural Gas closed the previous day down 0.57% ($0.02); this denotes the 2nd day in a row a decline has happened. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Natural Gas below illustrates.
Natural Gas Technical Analysis
Notably, Natural Gas is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 20 them.