Natural Gas (NG1) Heads Down For the 5th Day In A Row, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days

Natural Gas Daily Price Recap

Natural Gas closed the previous day down 3.6% ($0.059); this denotes the 5th day in a row a decrease has occurred. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 3rd for the day in terms of price change relative to the previous day. 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. 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 10 of the previous 14 trading days.

Overheard on Twitter

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

  • From nishinoyavore:

    A is for anal
    B is for bdsm
    C is for cock
    D is for dildo
    E is for ebola
    F is for frontwarddoggy style
    G is for grandma porn
    H is for hentai
    I is for intercourse
    J is for JSam is sexy
    K is for Kentucky fried pussy
    L is for lollipop
    M is for mouth fucking
    N is for natural gas

  • From HaagseInsider:

    @kalltvatten Maria: My theory is that it’s caused by the long years during which the Dutch government had massive income from our natural gas. Instead of saving that like the Norwegians we spent it on welfare system and subsidies. It was “too easy” for a long time and this instilled culture.

  • From HunterCutting:

    @DoctorVive @BarackObama in this moment, “innovation” is mostly “needed” to keep coal and natural gas in the game, through carbon capture. That’s what the innovation frame is mostly about now. It’s a stalking horse to create a lifeline for fossil fuels.

In terms of news links for Natural Gas here’s one to try:

Fifty facts about Canadian oil and natural gas – Context Magazine by CAPP

Canada is the 5th largest producer of natural gas in the world….Canada’s oil and natural gas industry pays an average of $8 billion a year in taxes….Canada’s oil and natural gas industry has an $108 billion direct GDP impact on the Canadian economy….With $101 billion in average annual revenues, Canada’s oil and gas industry is the largest industry in Canada….The oil and natural gas industry generates jobs and economic benefit in every province and territory in Canada….Canadian companies spend about $1.4 billion a year on clean technology investments—and 75 percent of that comes from our oil and natural gas industry.