Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Started Today Up 1.19%; Price Base in Formation Over Past 90 Days

Natural Gas 4 Hour Price Update

Updated April 02, 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. 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 entered today at $2.639, up 1.19% ($0.03) from yesterday. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. Below is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Notably, Natural Gas is now close to its 20 and 100 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. 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. 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 7 of the previous 10 trading days.