Natural Gas Daily Price Recap
The back and forth price flow continues for Natural Gas, which started today off at 1.793 US dollars, down 4.12% ($0.077) from the previous day. Those trading within the energy commodity asset class should know that Natural Gas was the worst performer in the class today. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Notably, Natural Gas crossed below 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 9 of the previous 14 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Natural Gas:
- From William_Ukpe:
My own region has a bigger battle to fight.With NDDC & FAAC, we wasted billions of dollars in first mover advantage” Sadly”, we still have Natural Gas Meaning we have what it takes to be a manufacturing hub like VietnamThat’s where priorities should be, not cheap Tribalsm
- From IndradeepKhan:
Putin did this through Peace and WarFor the peace part, Putin got help from an unusual sourceThe European Green movement. They wanted Coal Plants to be scrappedQ: How do you replace Coal?A: Use natural gas Q: Who has natural gas in Europe?A : Vladamir Putin
- From SoniaTulpar:
@BoycottHegemony china getting rich with East Turkistan’s enormous oil, natural gas, uranium, aluminium, gold, coal cotton & harvesting organs from healthy & young, innocent Uyghurs. If china invest some countries, it means china will rob these countries first and let them end up with debt-trap.
For a longer news piece related to NG1 that’s been generating discussion, check out:
Turkey’s total oil imports decreased by 10.66% to 3 million tons while its natural gas imports surged by around 23% in February compared with the same month a year earlier, according to an energy watchdog’s data….The amount of natural gas in storage decreased by 11.7% to 1.91 bcm in February compared to 2.17 bcm in February last year.