Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Started Today Up 0.69%; Price Base in Formation Over Past 90 Days

Natural Gas 4 Hour Price Update

Updated May 03, 2021 01:55 AM GMT (09:55 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. 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

2.931 was the closing price of the day for Natural Gas, resulting in today being one in which price moved up 0.69% ($0.02) from the previous day. Natural Gas outperformed all 6 assets in the energy commodity asset class since the previous day. The daily price chart of Natural Gas below illustrates.

NG1

Natural Gas Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up 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. For another vantage point, consider that Natural Gas’s price has gone up 20 of the previous 30 trading days.