Natural Gas 4 Hour Price Update
Updated September 14, 2020 12:50 AM GMT (08:50 PM EST)
Natural Gas closed the last 4 hour candle down 3.3% ($0.08); this denotes the 3rd candle in a row a decline has happened. 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
Natural Gas is down 2.77% ($0.06) since the day prior, marking the 4th consecutive day 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 today. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Natural Gas’s price has gone down 11 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Natural Gas:
- From pameladelupio:
It’s been rough doing curbside at the library. With the fires, smoke, ashes, plus a nearby natural gas leak, many of us are feeling tired, sick, nauseous. But a little boy came up today, and whispered, “I miss you guys, I love you.” And reminded us why we’re here ❤️#librarylife
- From teju617:
I request citizens of Andhra Pradesh that you elected the puverty cheifminister since 17 months he is hitting public with raising prices now he increased natural gas ⛽️ hitting middle class and auto rickshaw people now the binami of Telugu states meil gas filling station
- From AlexEpstein:
Fact: electricity producers know how to produce enough reliable electricity for virtually any situation–certainly plenty for the heat wave CA has been experiencing this year. All you need to do is build enough reliable power plants: nuclear, natural gas, coal, or hydro.
For a longer news piece related to NG1 that’s been generating discussion, check out:
Karanfil noted that they had gathered 35 Turkish firms together with officials from the Libyan Council for Oil and Gas, with an agreement looking to be signed in the near future….“We hope that in the future, Turkish companies will have the opportunity to extract and process gas and oil from Libya.” Turkey has on many occasions expressed its ambitions for lasting cooperation with the North African nation in many areas, including on oil and gas explorations, particularly after the two countries in late 2019 signed a pact on maritime borders in the Eastern Mediterranean….The cost of extracting gas and oil in Libya is more convenient than other countries in the region, Karanfil said, expressing the expectations that Turkish companies would take steps in the name of extracting oil and natural gas in the country in the future.
“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