Natural Gas 4 Hour Price Update
Updated April 27, 2021 01:54 AM GMT (09:54 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. 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 entered today at $2.79, up 2.2% ($0.06) from the day prior. Natural Gas outperformed all 6 assets in the energy commodity asset class since the day prior. The daily price chart of Natural Gas below illustrates.
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 another vantage point, consider that Natural Gas’s price has gone up 10 of the previous 14 trading days.