Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Underperforms All energy commodity; But Still in an Uptrend Over Past 30 Days

Natural Gas 4 Hour Price Update

Updated May 24, 2021 01:54 AM GMT (09:54 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 closed the day prior down 0.65% ($0.02); this denotes the 4th day in a row a decrease has occurred. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Notably, the current price of Natural Gas is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 up over that time. For another vantage point, consider that Natural Gas’s price has gone down 6 of the previous 10 trading days.