Natural Gas (NG1) Down $0.14 Over Past 4 Hours, Underperforms All energy commodity; Started Today Down 9.1%

Natural Gas 4 Hour Price Update

Updated June 26, 2020 03:07 PM GMT (11:07 AM EST)

Natural Gas came into the current 4 hour candle down 9.1% ($0.14) from the open of the last 4 hour candle, marking the 4th candle in a row 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 the current 4 hour candle.

Natural Gas Daily Price Recap

Natural Gas is down 9.1% ($0.14) since the previous day, marking the 4th day in a row 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. Below is a daily price chart of Natural Gas.

Natural Gas Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to Natural Gas:

  • From berg25_sheldon:

    @richwal94842899 @RoyPentland @cjtjgeol @dog7of9 @no2wind @DawnTJ90 @Barbarajdurkin @NickAPalmer @Homer4K @Bananenrijperij @HtServadac @Dardedar @MikeDel21893959 @1000Frolly @Over400ppm @IBergwiesel @Fauntleroy1934 @HuntsonMark @TQMKA @DigDougFTW @rmack2x @DunsanyJack @novakglobal @RushhourP @FeynmanFreaky @RustyAway @AlaMerQld @garner_forest @riktheozfrog @ElectricElecti1 @StormSignalSA @Niggledom @Osprey0 @NicolausBourba1 @BrianTu85458331 @Narvuntien @Jamz129 @PaprikaLady @BubbasRanch @jimdtweet @MedBennett @ReckedRik @TheDisproof @d_e_mol @bobzed57 @Climatehope2 @portun81 @thinks_about_it @RijpeW @Skrued1 Your from Australia so I don’t really care what you do there but here in Canada I want us to use coal. There is nothing wrong with coal fired power plants. The technology today is very very clean. In my province we still have them and converting them to natural gas is silly imo.

  • From dpradhanbjp:

    Thank Hon. PM Shri @narendramodi for approving additional investment by @ongcvideshltd for the development of producing blocks A-1 and A-3 in Myanmar. This will be a step towards boosting availability of natural gas in India and enhancing our energy security.

  • From TheWolfpackIN:

    India today approved an additional investment of $121.27 million (about Rs 909 crore) by state-owned Oil and Natural Gas Corporation Videsh Ltd (OVL) for further development of two blocks of the Shwe oil and gas project in Myanmar.

In terms of news links for Natural Gas here’s one to try:

Are We Poised for a Natural Gas Rally?

In particular, surging production from the Marcellus shale in Pennsylvania along with associated-gas production from oil wells in the Permian Basin have kept the market in a perpetual surplus for most of the past decade despite strong demand….  At the same time, associated gas production from the Permian is set to collapse….Last year, Permian gas production grew by 2.3 bcf/d (nearly the same amount as the Marcellus), highlighting its importance to total US production….  North American natural gas has been in a bear market for over a decade during which time the related equities declined in value by over 90%.