Natural Gas (NG1) Down $0 On 4 Hour Chart, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Natural Gas 4 Hour Price Update

Updated November 18, 2020 01:50 AM GMT (09:50 PM EST)

Natural Gas closed the previous 4 hours down 0.19% ($0); this denotes the 2nd straight candle a decrease has occurred. 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 previous 4 hours.

Natural Gas Daily Price Recap

Natural Gas came into today down 0.19% ($0) from the open of yesterday, marking the 2nd consecutive day it has gone down. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the day in terms of price change relative to yesterday. Below is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Coming into today Natural Gas is now close to its 50 day averages, located at 2.68 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 7 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From Ppallo:

    I do traditional whetstone sharpening for a living. Most of my clients are wealthy shut-ins. My best client is a natural gas heir. He likes to bathe and recite Japanese poetry while I sharpen his blades. Gave me 20k and a small share in the Bengals for a bonus last Christmas.

  • From Onetoughmug:

    @GrantCardone Happened…. I borrowed my grandfather’s truck and pounded the phone. I had no electricity, natural gas or water for months. I would shower at the YMCA. It took me two months to make 15k, then I was off to the races.

  • From DrOlusesan:

    Gas-to-liquid (GTL) is a new technological innovation that converts natural gas to ultra-pure, sulphur free diesel & naphtha. All over the world, there’s currently only two! The first is ORYX GTL, Qatar, the second is Nigeria’s Escravos-Gas-To-Liquid (EGTL), operated by Chevron.

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

The big climate battle of the Biden era will be natural gas – Los Angeles Times

Toward a more sustainable California Get Boiling Point, our newsletter exploring climate change, energy and the environment, and become part of the conversation — and the solution….In a report co-written with Stanford University researchers, Moniz’s Energy Futures Initiative argued that the Golden State would have a much easier time meeting its ambitious climate targets if it invested in technology to capture planet-warming emissions from power plants and industrial facilities before they could reach the atmosphere….Centrist-minded climate advocates — and fossil fuel companies — see carbon capture as a way to combat global warming without having to totally eliminate coal, oil and natural gas….The October report concluded that California could slash emissions by 60 million metric tons annually by 2030 — about one-third of the reduction the state hopes to achieve — by outfitting 76 industrial facilities and power plants with carbon capture systems….Gas proponents point out that the fuel burns more cleanly than coal, and that power plant emissions have fallen since fracking made America the world’s leading gas producer, undercutting coal’s share of the electricity market….A recent study from researchers at UC Irvine and Global Energy Monitor found that replacing aging coal plants with new gas plants that could operate for 30 years or longer — as America has done in recent years — might reduce long-term carbon emissions by just 12%.


“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