Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Fares the Worst Out of energy commodity; Started Today Down 1.89%
On a relative basis, natural gas was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Natural Gas
(Last Updated January 18, 2021)
Welcome to the news page for Natural Gas (NG1). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On NG1, there is currently an uptrend on the 90, 30 and 14 day timeframes.
NG1 Moving Averages
The moving averages on NG1 summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bullish, implying a upward trend, save for a fall that occurred about 7 weeks ago. Moreover, it should also be noted that the 20 SMA just turned bullish today.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, NG1’s price is up $0.04 (1.37%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NG1 has now gone up 4 of the past 5 weeks. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows NG1’s price action over the past year.
Natural Gas (NG1) Down $0.01 in Last 4 Hours, Underperforms All energy commodity; Started Today Down 3.8%
On a relative basis, natural gas was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Natural Gas (NG1) Down $0.01 in Last 4 Hours, 2 Day Down Streak Broken; Crosses 50 Day Moving Average
Natural gas outperformed all 6 assets in the energy commodity asset class since the previous day.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Moves Down For the 2nd Consecutive Day; Breaks Below 50 Day Average
On a relative basis, natural gas was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Started Today Up 0.22%; Price Base in Formation Over Past 30 Days
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours, Tops All energy commodity; Entered Today Up 1.74%
Congrats to its holders!
Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Fares the Worst Out of energy commodity; 5 Day Up Streak Snapped
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Natural Gas (NG1) Down $0.01 On 4 Hour Chart, Moves Up For the 5th Straight Day; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that natural gas’s price has gone up 6 of the previous 10 trading days.
Natural Gas (NG1) Down $0.01 Over Past 4 Hours; Started Today Up 0.52%
Out of the 6 instruments in the energy commodity asset class, natural gas ended up ranking 5th for the day in terms of price change relative to yesterday.