Natural Gas (NG1) Down $0.02 Over Past 4 Hours, Underperforms All energy commodity; Entered Today Down For the 6th Consecutive Day

Natural Gas 4 Hour Price Update

Updated November 10, 2020 01:50 AM GMT (09:50 PM EST)

Natural Gas closed the previous 4 hours down 0.66% ($0.02); this denotes the 6th consecutive candle a decrease has occurred. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class the current 4 hour candle.

Natural Gas Daily Price Recap

Natural Gas closed the previous day down 0.66% ($0.02); this denotes the 6th consecutive day it has gone down. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone down 8 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

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 Rain_Surname:

    @heyyou2486 @LaF3mm3Nikita @mccaffreyr3 He also fired heads of agencies overseeing electricity, natural gas, & the nuclear stockpile, almost as if he owes billions to foreign powers, has been sabotaging the US to clear that debt, & is now preparing to destroy the grid, set fire to cities, & steal a nuke on his way out.

  • From malinablue:

    *Trump fires heads of agencies overseeing nuclear stockpile, electricity/natural gas & overseas aid
    *Trump fires Defense chief Esper, who warns Trump may fire CIA director & FBI director next
    *McConnell huddles w/ Barr, then comes out & denies Trump lossFeels like a coup.

  • From MunchPhd:

    @DoctorKarl Coal’s carbon footprint is almost 90 times larger than that of wind energy, and the footprint of natural gas is more than 40 times larger, according to the Department of Energy’s National Renewable Energy Laboratory. US facts.

For a longer news piece related to NG1 that’s been generating discussion, check out:

Biden’s green energy plan seeks to end natural gas use within 15 years

But in the long run, the fuel may prove economically and environmentally untenable within the power sector, a key market for producers….Biden’s climate plan would only accelerate that outcome, with massive investments in wind, solar and battery storage giving those energy sources a leg up….Gas-fired electricity generation is already expected to fall 5.7% this winter compared to last year simply because gas prices are higher this season, according to Energy Information Administration projections….Instead, Biden’s clean-energy policies would make it harder for gas to compete with wind, solar and other renewables….Nevertheless, the push for decarbonization reflected in the Biden plan presents a real, long-term threat to natural gas as a source of electricity.


“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram