Natural Gas (NG1) Down 5.06%

Natural Gas Daily Price Recap

The end of a 3 day positive run has come for Natural Gas, which finished the previous day down 5.06% ($0.098). Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 2nd for the day in terms of price change relative to the previous day. 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 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone down 6 them.

Overheard on Twitter

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

  • From 1MarkMoss:

    For 6mnths I have been flying back and forth from CA to TX, setting up a large scale BTC mining op in the oil field, using the natural gas with a med size Public CoBut with the price of oil dropping to its lowest level in 30 yrs, They just shuttered their doors and the project

  • From rationalwalk:

    Early in the last decade, I thought I knew quite a bit about oil and gas. There are more than 50 posts on my website regarding oil and gas. I spent a lot of time comparing the price of natural gas to oil (on an energy equivalent basis).In reality, I had no insights.

  • From bp22:

    People think crude oil got smashed at Cushing , take a look at spot natural gas in Permian. It’s never traded as high as it has traded negative right now. If it were positive(absolute value)the government would claim price gouging. Is there such a thing as negative price gouging?

For a longer news piece related to NG1 that’s been generating discussion, check out:

USMCA Solidifies The Best Oil And Natural Gas Alliance Ever

The free flow of energy products and investments in oil and gas is essential to U.S. “energy dominance” and economic growth….But, let me specifically focus on three, the rapidly growing areas of: U.S. crude oil imports from Canada, U.S. natural gas exports to Canada and Mexico, and U.S. oil product exports to Mexico….Indeed, I called it a few years ago: “Canada is North America’s Great Oil Security Blanket.” Canada could offer as much as a quarter of new global oil supply in the decades ahead, flows that will be available for export since incremental domestic demand needs are quite low….Piped U.S. natural gas exports to Canada remain high but exports to Mexico have taken flight….ISDS Supports U.S. Oil, Natural Gas, And Electricity Companies.” This means that U.S. companies who have invested in Mexico over the past years under the Energy Reforms will continue to receive protections under the USMCA….Americans should know that energy exports are vital markets for U.S. products.