Natural Gas Daily Price Recap
Natural Gas is down 4.94% ($0.089) since the previous day, marking the 2nd day in a row a decline has happened. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. Here is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Notably, Natural Gas crossed below its 20 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 18 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Natural Gas:
- From BubleQe:
@levinepmc @JustinTrudeau @gmbutts @cathmckenna I’ve researched many fuel types, GHG footprint and availability / reliability & bar none, Natural Gas / LNG is by far top of the food chain. Nuclear is a close second (low/no GHG’s), but economics are a bit challenged. Hydrogen likely to play a role, but it’s many years out.
- From quea_ali:
@WBrettWilson Anyone who has done any actual research in to this topic knows all this already, They are just angry that the parts they omit (i.e building of natural gas plants, using coal, burning tires etc etc etc) are now exposed), and their Green is now not so Green.
- From CostaSamaras:
We literally don’t have time for a “what’s worse natural gas vs coal?” timeline today, this week, this year, this decade. All emissions have to get to zero, full stop. The rest is largely uninteresting now.ᴮᵗʷ ᵗʰᵉ ᵃⁿˢʷᵉʳ ⁱˢ ᵐᵒˢᵗ ˡⁱᵏᵉˡʸ ᶜᵒᵃˡ ⁱˢ ʷᵒʳˢᵉ
In terms of news links for Natural Gas here’s one to try:
In 2019, North Dakota flared 19 per cent of its gross natural gas production, or 0.56 Bcf/d….Limiting natural gas production in North Dakota also constrains oil production because most natural gas comes from oil wells.