Natural Gas

(Last Updated September 21, 2020)

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

The Trend

A trend/countertrend situation exists on NG1, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 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. The 50 and 100 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 20 and 200 day averages that imply a bearish trend.

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

The View From the Weekly Timeframe

At the moment, NG1’s price is down $-0.21 (-9.39%) from the week prior. Moreover, note that this is the 3rd straight week NG1 has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows NG1’s price action over the past year.