Natural Gas (NG1) Down 5.25%; Price Base in Formation Over Past 14 Days

Natural Gas Daily Price Recap

Natural Gas came into today down 5.25% ($0.091) from the open of the previous day, marking the 4th day in a row it has gone down. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Natural Gas.

Natural Gas Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Natural Gas’s price has gone down 18 of the previous 30 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 ryangrim:

    @mattyglesias The predictable result was natural gas ran a campaign calling itself clean and boomed

  • From TamukaKagoro77:

    #AfricanLivesMatter Zimbabwe is a phenomenal place . Two years ago folks announced Mega deals worth USD$5 billion plus .Ini hangu I am still waiting to see the mega deal come to fruition.They even found oil or natural gas ( announced it too) . Then budget surplus before COVID-19

  • From luisbaram:

    Asia: going forward we’ll need much more coal, oil and natural gas. What should we do?
    Consultant: make Westerners feel guilty so they use LESS fossil fuels and MORE of the stuff is diverted your way.
    Asia: great idea!
    Consultant: here is my fee. 🤑

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

From the Archives, 1969: Natural gas gets turned on in Melbourne

At 7.30 a.m. the gas fitters will begin a make-safe operation of visiting each of the 2200 houses to ensure that all the gas appliances have been turned off….They will return later to convert one hot plate boiler of gas stoves for immediate use and start conversion of other appliances.