Natural Gas (NG1) Up $0.02 On 4 Hour Chart, Entered Today Up 1.44%; in a Downtrend Over Past 14 Days

Natural Gas 4 Hour Price Update

Updated July 23, 2020 11:09 AM GMT (07:09 AM EST)

Natural Gas closed the last 4 hour candle up 1.44% ($0.02); this denotes the 2nd candle in a row it has gone up. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 2nd since the last 4 hour candle in terms of percentage price change.

Natural Gas Daily Price Recap

Natural Gas came into today up 1.44% ($0.02) from the open of yesterday, marking the 2nd day in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Natural Gas below illustrates.

Natural Gas Technical Analysis

Coming into today the current price of Natural Gas is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 16 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Natural Gas:

  • From CBItweets:

    In our latest energy report we recommend gov mandate that after 2025 all new boiler installations must be part of a hybrid system or be ‘hydrogen-ready’. By 2035, no boilers capable of burning natural gas should be installed, with all new heating systems being zero-carbon.

  • 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

  • From shalesurvivor:

    Here is my company’s proprietary price deck, those of you modeling natural gas assets really need this2020: $50 WTI & $1.50 HH
    2021: $50 WTI & $1.00 HH
    2022: $50 WTI & $0.50 HH
    2023: $50 WTI & $0.00 HH2024+: $50 WTI and -$0.50 HHHope that helps!

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

Hydrogen-injected natural gas to heat homes in Alberta city next year | CBC News

Homes in Fort Saskatchewan, Alta., are to be warmed with natural gas blended with hydrogen beginning next year, a “first step” amid efforts to diversify the province’s energy sector and potentially reduce carbon emissions….It is also providing funds to two other hydrogen projects, including one aimed at producing zero-emissions hydrogen….The new pilot project is set to use “grey” hydrogen purchased from a producer, but with the carbon capture technology in the province, ATCO’s Feltham said he has “no doubt” about the future potential.