Natural Gas (NG1) Down 0.8%, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days

Natural Gas Daily Price Recap

Natural Gas came into today down 0.8% ($0.014) from the open of the previous day, marking the 3rd day in a row a decrease has occurred. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Natural Gas.

Natural Gas Technical Analysis

Notably, the current price of Natural Gas is sitting close to its 20 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 90 day horizon; over that time period, price has been moving down. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Natural Gas’s price has gone down 9 of the previous 14 trading 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 uche_ezeonye:

    @HananyaNaftali Africa is blessed with human resource and natural resources. The major problem of Africa is old recycled greedy politicians who is looting public funds. Gold, oil, coco, cashew, diamond, natural gas, limestone, iron etc: comes from Africa still people are living extreme poverty.

  • From pink_lady56:

    Ivanka and Jerid have prior experience in business & economic dealings BUTHunter Biden has experience in testing positive for cocaine, getting kicked out of the Navy, unable to speak Ukrainian, and NO experience in natural gas industry, and don’t forget his CHINA experience.

  • From BreadPillTV:

    @TerraChained @baburgeson @YoungDemocratUS @BoyGash @JoeBiden BORING! Biden’s climate advisor works for a natural gas company. Quit deluding yourself into thinking Joe Biden, or any politician for that matter will do anything about the climate crisis. It isn’t in their interests, since they work for the people ruining it!