Natural Gas 4 Hour Price Update
Updated November 17, 2020 01:50 AM GMT (09:50 PM EST)
2.697 was the closing price of the four-hour candle for Natural Gas, resulting in the current 4 hour candle being one in which price moved down 9.95% ($0.3) from the last 4 hour candle. Those trading within the energy commodity asset class should know that Natural Gas was the worst performer in the class the current 4 hour candle.
Natural Gas Daily Price Recap
Natural Gas entered today at $2.697, down 9.95% ($0.3) 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.
Natural Gas Technical Analysis
Notably, Natural Gas is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone down 7 them.
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