Natural Gas (NG1) Moves Up For the 2nd Day In A Row; Breaks Above 20 Day Average

Natural Gas Daily Price Recap

Natural Gas came into today up 3.53% ($0.06) from the open of the previous day, marking the 2nd day in a row it has gone up. 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. The daily price chart of Natural Gas below illustrates.

Natural Gas Technical Analysis

Notably, Natural Gas crossed above its 20 day moving average yesterday. 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. For another vantage point, consider that Natural Gas’s price has gone down 8 of the previous 14 trading days.

Overheard on Twitter

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

  • From NWSFortWorth:

    1213pm: The City of Grand Prairie Emergency Management is requesting that individuals of all residences/business between Mayfield Road and I-20 and between HWY 360 and Great SW Parkway evacuate to the east or west using I-20 or Mayfield road due to a natural gas fire. #dfwwx

  • From JazzNeurotic:

    I love being woken up at 6am to go standby for a gas leak, only to find out the house in question doesn’t have a gas line and the guy was smelling his sons weed.Love it.Also, if your weed smells like natural gas? Get better weed.

  • From FracSlap:

    Few years back this company man in Barnett shale chewed me out for having to rent forklift for an extra day“Have you seen natural gas prices?! We don’t have money to spend like that!”I always think about him in this current price environment.F for respect.