Natural Gas (NG1) Down $0.1 Over Past 4 Hours, Underperforms All energy commodity; Started Today Down 12.75%

Natural Gas 4 Hour Price Update

Updated September 18, 2020 12:50 AM GMT (08:50 PM EST)

2.259 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 4.36% ($0.1) from the last 4 hour candle. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Natural Gas Daily Price Recap

Natural Gas closed yesterday down 12.75% ($0.29); this denotes the 2nd 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

First things first: Natural Gas crossed below its 50 day moving average yesterday. 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 down 18 of the previous 30 trading days.

Overheard on Twitter

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

  • From Sustainable2050:

    If that electricity comes from a modern gas-fired power plant, it ‘only’ requires 1 MJ of natural gas (-50%). But if it is wind power, it just requires 0.6 MJ of electricity from wind: in that case, the primary energy demand is reduced by 70% as is the final energy demand.

  • From bluecollarfab:

    @SenKamalaHarris Im so glad that you want to talk about climate change Kamala, So i understand that you want to end Industrial/energy, & Run all electric off of, Wind turbines, & Solar panels? Did you know when the wind not blow, The wind turbines will kick over to, Natural gas,….

  • From nithyavraman:

    Right now, only about a third of LADWP’s energy comes from renewable sources — while over half comes from burning coal and natural gas. It’s time to accelerate a shift toward renewables and away from fossil fuels.Our City Council has the power to do it.

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

Into The Vortex – EIA Reports Build of +89Bcf in Natural Gas Inventories

Platts Anaylitics Bentek Models EIA Swap Market – Brynne Kelly ‏@BrynneKKelly Henry Hub Natural Gas Futures Weekly Chart Outlook via @KnovaWave US Natural Gas (Henry Hub) US Natural Gas continues to work the lows that were either (5) or (iii) of (5)….Natural Gas Storage Analysis via RonH Data ‏@ronh999       via Brynne Kelly @BrynneKKelly   Natural Gas Production Watch   US Feb natural gas dry production was 94.05….     For Full LNG Outlook Please Visit ourLNG Weekly Here Natural Gas Mexican Exports Watch via RonH Energy Natural Gas Canada Import Watch via RonH Energy Natural Gas Demand Watch via RonH Data ‏@ronh999     Demand By Sector – February 2020 via EIA   For Greater Depth Visit our Natural Gas Demand Monitor Here US Feb Natural Gas demand by category.

“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