Natural Gas 4 Hour Price Update
Updated September 21, 2020 12:50 AM GMT (08:50 PM EST)
Natural Gas is down 12.75% ($0.29) since the last 4 hour candle, marking the 2nd candle in a row a decline has happened. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class the current 4 hour candle.
Natural Gas Daily Price Recap
Natural Gas entered today at $2.056, up 4.31% ($0.08) from the day prior. Natural Gas outperformed all 6 assets in the energy commodity asset class since the day prior. Here is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 10 out of the past 14 days.
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 STUinSD:
3. (cont’d) Make DC the 51st StateAbortion for “all women & girls.” (Pg 83)$70T Green New Deal, where the USA would be “net-zero greenhouse gas by 2050.” But CLOSE all coal & natural gas pwr plants by 2035. By 2030 all new construction in the US must be net-zero greenhouses
- From KiraArghy:
So today in DnD maths, a dragon born’s Dragon’s Breath provides a 15-foot cone of fire. The Dragon Breath is around 3534 ft3 of fire. To cremate a body you need around 105 ft3 of natural gas. So Dragon Breath has enough energy to cremate 33 humans.
- From Jkiboi7:
Imma just get this out of the way now: Let’s not get into revisionism on RBG considering her decisions on natural gas pipelines ripping through Appalachia, her views on Kaepernick protesting police terrorism, & upholding whiteness & the needs of the ruling class at all costs
“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