Natural Gas 4 Hour Price Update
Updated November 09, 2020 01:50 AM GMT (09:50 PM EST)
Natural Gas came into the current 4 hour candle down 1.84% ($0.05) from the open of the last 4 hour candle, marking the 5th consecutive candle a decline has happened. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Natural Gas Daily Price Recap
Natural Gas came into today down 1.84% ($0.05) from the open of yesterday, marking the 5th consecutive day a decline has happened. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 2nd for the day in terms of price change relative to yesterday. The daily price chart of Natural Gas below illustrates.
Natural Gas Technical Analysis
The first thing we should note is that Natural Gas is now close to its 20 day averages, located at 2.98 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Natural Gas’s price has gone down 16 of the previous 30 trading days.
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