Natural Gas 4 Hour Price Update
Updated July 07, 2020 07:07 AM GMT (03:07 AM EST)
Natural Gas came into the current 4 hour candle up 7.26% ($0.12) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. On a relative basis, the current 4 hour candle were pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂
Natural Gas Daily Price Recap
Natural Gas is up 7.26% ($0.12) since yesterday, marking the 2nd day in a row an increase has occurred. Natural Gas outperformed all 6 assets in the energy commodity asset class since yesterday. Let’s take a look at the daily price chart of Natural Gas.
Natural Gas Technical Analysis
First things first: Natural Gas crossed above its 50 and 100 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Natural Gas’s price has gone up 8 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Natural Gas:
- From cup_high:
The renewable energy lobby’s dream of shutting down coal, natural gas, and nuclear plants and “replacing” them with wind and solar is a fairy tale. It simply cannot happen, because we never know if and when the wind will blow or the sun will shine when we need it most. #auspoI
- From lapinesque:
The lack of pumped water hugely restricts access to sanitation and without electricity for refrigeration food spoils quickly in near 50c heat. The use of natural gas and diesel have increased for cooking and in order to transport water, at a time when the economy is under strain.
- From ProGunner5:
@TWilsonOttawa I am the gun lobby. I am a husband, an uncle to 5 nieces and 6 nephews. I worked through a pandemic to ensure the safety of oil and natural gas wells. I am a sport shooter and a hunter. I want credible work on crime. @mileslunn
For a longer news piece related to NG1 that’s been generating discussion, check out:
The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy….Berkshire will also acquire 25% of Cove Point LNG, an export, import and storage facility for liquefied natural gas, one of just six LNG export terminals in the U.S. Berkshire Energy will pay $4 billion in cash for the assets, and assume $5.7 billion in debt.