Natural Gas 4 Hour Price Update
Updated July 22, 2020 11:09 AM GMT (07:09 AM EST)
The end of a 3 four-hour candle negative run has come for Natural Gas, which finished the previous 4 hours up 1.22% ($0.02). Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the four-hour candle in terms of price change relative to the previous 4 hours.
Natural Gas Daily Price Recap
The end of a 3 day negative run has come for Natural Gas, which finished the day prior up 1.22% ($0.02). Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the day prior in terms of percentage price change. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Notably, Natural Gas is now close to its 20 day averages, located at 1.71 respectively, and thus may be at a key juncture along those timeframes. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone down 6 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Natural Gas for the past day were:
- From JasonEBurack:
#Chevron made a smart, buy low long term acquisition today. If natural gas prices rally a lot in a few years this acquisition will be paying dividends for many years. I am not sure if they are done. If Occidental Petroleum gets cheap enough Chevron may want to buy them too. $CVX
- From The280Times:
It is bad enough having to deal with Ford stating publicly
on or around May 15th that there is sadly no money to help people on odsp (beyond the pathetic $100 short term bump that takes the people to 35% below poverty instead of 40%)THEN buy a natural gas plant (3/11)
- From EmmaLGraney:
Ministers Nixon and Nally announcing $$ for the natural gas industry with Emissions Reductions Alberta this morning… $58m through TIER fund (the carbon tax on large emitters) to support 20 new natural gas projects in Alberta. It’s part of the ERA natural gas challenge #ableg
As for a news story related to Natural Gas getting some buzz:
In the first half of 2020, natural gas prices at the U.S. Henry Hub benchmark reached record lows….The U.S. Energy Information Administration (EIA) expects natural gas prices to stay low in the coming months before eventually increasing by the end of 2020….By the fall, EIA expects low prices to lead to further declines in natural gas production as a result of lags between natural gas price changes and adjustments to production levels….EIA expects that the low price of natural gas will encourage more natural gas consumption in the electric power sector in 2020, which is already 7% higher in the first half of 2020 compared with last year.