Natural Gas 4 Hour Price Update
Updated April 29, 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 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 0.61% ($0.02) from the open of the day prior, marking the 3rd consecutive day it has gone up. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the day in terms of price change relative to the day prior. Below is a 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. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 7 out of the past 10 days.