Natural Gas (NG1) Down 2.08%; Breaks Below 20 Day Average

Natural Gas Daily Price Recap

Natural Gas is down 2.08% ($0.037) since yesterday, marking the 2nd day in a row 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. Below is a daily price chart of Natural Gas.

Natural Gas Technical Analysis

Notably, Natural Gas crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 8 out of the past 14 days.