Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Started Today Up 0.22%; Price Base in Formation Over Past 30 Days

Natural Gas 4 Hour Price Update

Updated January 13, 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. 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 came into today up 0.22% ($0.01) from the open of the previous day, marking the 2nd consecutive day an upward move has occurred. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the previous day in terms of percentage price change. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

The first thing we should note is that Natural Gas is now close to its 50 day averages, located at 2.72 respectively, and thus may be at a key juncture along those timeframes. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 8 out of the past 10 days.