Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Started Today Down 1.13%; Nears 20 Day Moving Average

Natural Gas 4 Hour Price Update

Updated March 31, 2021 01:53 AM GMT (09:53 PM EST)

Natural Gas entered the current 4 hour candle at $2.598, 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’s 4 day positive streak has officially concluded, as the candle from the previous day closed down 1.13% ($0.03). Relative to other instruments in the energy commodity asset class, Natural Gas ranked 3rd since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Natural Gas.

NG1

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 19 them.