Natural Gas (NG1) Up $0.06 in Last 4 Hours, Tops All energy commodity; 4 Day Down Streak Snapped

Natural Gas 4 Hour Price Update

Updated June 29, 2020 11:07 PM GMT (07:07 PM EST)

The end of a 4 four-hour candle negative run has come for Natural Gas, which finished the last 4 hour candle up 3.96% ($0.06). On a relative basis, the current 4 hour candle were pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂

Natural Gas Daily Price Recap

The end of a 4 day negative run has come for Natural Gas, which finished yesterday up 3.96% ($0.06). Natural Gas outperformed all 6 assets in the energy commodity asset class since yesterday. 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 another vantage point, consider that Natural Gas’s price has gone up 15 of the previous 30 trading days. 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 GallivanScott:

    @Grova @cantfakethefunk @ReadYouForFree @rxmart2 @KhiveBidenBro @DillyG23 @texasdemyall @TeyoTigre @DannyB1otch @LACEdaFlyFellow @SwedJewFish @thecoldsoviet @TheAntiTwitler @BoshmanJason @SallyAlbright @ohdamnbruh @muchosarms @PhoenixEamon @jenniferRG0 @knitvspurl @eFab_Val @KathrynD32 @Pyllgrim @spp123steve12 @DirtyHo4 @Student877 @Lappos @Boofyre @beanbrightly @bruhstop_ @MerlonMonday @CriticallyPDCST @CharlieInUtah @RealDavidAJones @9ontheturn @CardinalMz @UsingKeep @CaptainProton3 @DennisPCuddy @shuboogie @UnitedAsOne2020 @irongirl26 @ouakam4 @biden_brigade @Sinixstar @AKristoff1 @MrSparkleJoinMe @Factnotfiction8 @austinsfsh @HeatherMoAndCo No bridge from coal other than Natural Gas. Which has enabled the closing of inefficient Coal Fired energy plants and the building of new natural gas-fired with a lower carbon footprint.If you want to get away from fossil fuels 100% we’re going to have to go nuclear power

  • From EricHolthaus:

    The US power sector is about 1/3 of total US emissions. Arguably, it’s also the easiest part of the US economy to decarbonize. We know how to do it: Stop burning coal & natural gas, replace it with a blend of renewables, nuclear, and battery storage. We could do it by 2025-2030.

  • From frenchnerd:

    Y’all – it has been a week. Sewer leak, discovery of a leak in the unit above with said leak filling my wall with mold, landlord that wants to hire a “handyman” to address this substantial issue, and tonight a natural gas issue. To say I’m over this week an understatement.

As for a news story related to Natural Gas getting some buzz:

More natural gas isn’t a “middle ground” — it’s a climate disaster – Vox #auspol #qldpol demand #ClimateAction a #GreenNewDeal #TheDrum #QandA #TellTheTruth #XRFNQ – Climate Action Australia

It’s now clear that if the world is to meet the climate targets it promised in Paris, natural gas, like coal, must be deliberately and rapidly phased out….Policymakers must begin consciously encouraging and designing energy systems that run entirely on carbon-free resources.  Shutting down coal power plants and opening gas plants in their place will generally reduce emissions, depending on a variety of variables (again including methane emissions)….Allowing gas infrastructure to continue being built on the hope that negative emissions will pan out is madness.  In most markets, bulk renewables — utility-scale wind and solar power plants — are the cheapest form of power as measured by the “levelized cost of energy” (LCOE, which seeks to take all costs into account)….Which brings us to … Renewable energy skeptics like to claim that natural gas power plants are required on the grid to balance out variable renewable energy, which comes and goes with the wind and sun.  OCI responds with three arguments….First, most natural gas plants being built these days are combined cycle gas turbine (CCGT) plants, which produce the cheapest power….There are more than 400 natural gas plants in the US that were built in or before 1970.