Natural Gas Daily Price Recap
The end of a 5 day negative run has come for Natural Gas, which finished the day prior up 7.59% ($0.12). Natural Gas outperformed all 6 assets in the energy commodity asset class since the day prior. Congrats to its holders! The daily price chart of Natural Gas below illustrates.
Natural Gas Technical Analysis
The first thing we should note is that Natural Gas is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Natural Gas’s price has gone down 9 of the previous 14 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Natural Gas:
- From VolutionDe:
@Damo__73_ @UkraineTrollbot @MargieAt5 @Homer4K @RoyPentland @Samanth71003012 @FriendsOScience @LawsonUBS @IngersolRobert @no2wind @csfc67 @Barbarajdurkin @MartinBrampton @drwaheeduddin @markp1950 @0Sundance @GillesnFio @John_Menzies @seyonla1 @RogTallbloke @cheryl1492 @ozhomeschool @RedDragonFly19 @TeaJunkie1 @Al_Pantovski @Tangomitteckel @comeantakeit76 @novakglobal @GreyTonka @LesleyJ62456075 @MarkELacey @JaggerMickOZ @HVACPerformance @MedBennett @ianbrow97534170 @GlenneDrover @PhilMarsom @TexCIS @manifesto2000 @DougieG @LynnRahn1 @EuphoricEuler @SchemppShawn @downtownrob88 @am_garland @GrahamHill1234 @ScottRowein @AreWeThatStupi1 @OfCalla @NikolovScience Oil is not made from dinosaurs.
The oil that comes from biological sources is made from algae
There is no such thing as fossil oil.
Most oil is made from natural gas
Which is formed deep in the crust
From chemical reactions of Carbon Monoxide and Water
- From IVECOUK:
Natural gas offers you the ability to transition to biomethane a 100% renewable energy source. Reduce your CO2 emissions by up to 95% vs equivalent diesel (well to wheel). There are more than 250 LNG stations in service in Europe and UK. Make the transition. #NaturalPower
- From Moleffee:
@MimiReeds @mabasotf South Africa~ rich in platinum
Zimbabwe~ rich in platinum
Mozambique~rich in natural gas
Zambia~ rich in copper
Lesotho~ water and diamond
Eswatini- sugar and textile
As for a news story related to Natural Gas getting some buzz:
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.