Natural Gas 4 Hour Price Update
Updated November 16, 2020 01:50 AM GMT (09:50 PM EST)
Natural Gas is down 0.17% ($0) since the previous 4 hours, marking the 2nd consecutive candle a decrease has occurred. 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 previous 4 hours.
Natural Gas Daily Price Recap
The choppiness in the recent daily price action of Natural Gas continues; to start today, it came in at a price of 2.995 US dollars, up 0.64% ($0.02) since yesterday. Natural Gas outperformed all 6 assets in the energy commodity asset class since yesterday. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Coming into today Natural Gas is now close to its 20 day averages, located at 3.02 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Natural Gas’s price has gone down 9 them.
“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram