Natural Gas 4 Hour Price Update
Updated November 13, 2020 01:50 AM GMT (09:50 PM EST)
2.961 was the closing price of the four-hour candle for Natural Gas, resulting in the current 4 hour candle being one in which price moved down 2.31% ($0.07) from the last 4 hour candle. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the last 4 hour candle in terms of percentage price change.
Natural Gas Daily Price Recap
The back and forth price flow continues for Natural Gas, which started today off at 2.976 US dollars, down 1.81% ($0.06) from the day prior. 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
Moving average crossovers are always interesting, so let’s start there: Natural Gas crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Natural Gas’s price has gone down 16 them.
Overheard on Twitter
Behold! Here are the top tweets related to Natural Gas:
- From Trinhnomics:
Conclusion: Instead of making it easier to build housing, SF is adding more regulations, on top of mandatory solar panels, to now BANNING NATURAL GAS.Wonder why housing + living costs are so expensive & supply of housing is so low & homelessness & poverty the highest in the USA
- From jamft:
I am just looking at my Natural Gas bill for September. Charges for the actual Gas: $2.25. And after all the other charges: $38.90Electricity: $42.36, and after all the other charges: $117.50.Federal Carbon Tax on $2.25 of Natural Gas is $1.54. How does that work?
- From nikitabier:
SF is banning natural gas in new homes.
LA banned fireplaces.
Building a pool in CA has a 2 year review by the Coastal Commission.My prediction for the future:
“Rare vintage homes”—that bypass regulation & are grandfathered in—will cost a fortune that only plutocrats can afford
“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