Natural Gas

(Last Updated March 4, 2021)

Hello! This is the news page for Natural Gas. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

The Trend

As for trends on NG1, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 30 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.

NG1 Moving Averages

NG1’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 100 are bullish, suggesting the trend is generally upward, save for a fall that occurred about 3 months ago. Interestingly, today we saw the 100 day moving average turn bearish, while the 20 day moving average turned bullish.

Below is a chart showing NG1’s price with its moving averages.

The View From the Weekly Timeframe

At the time of this writing, NG1’s price is up $0.04 (1.62%) from the week prior. NG1 has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend 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.