Natural Gas (NG1) Tops All Energy Commodities, Makes Big Move Relative to Past Two Months; Moves Up For the 3rd Day In A Row

Natural Gas Daily Price Recap

Natural Gas is up 9.88% ($0.174) since yesterday, marking the 3rd day in a row an increase has occurred. Natural Gas outperformed all 6 assets in the energy commodity asset class since yesterday. Congrats to its holders! Below is a daily price chart of Natural Gas.

Natural Gas Technical Analysis

Notably, Natural Gas crossed above its 50 day moving average yesterday. 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 8 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about 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?

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

Iraq to study using Kurdish natural gas for power generation, oil minister says | S&P Global Platts

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