Natural Gas (NG1) Up $0.02 in Last 4 Hours, 2 Day Down Streak Ended; in an Uptrend Over Past 90 Days

Natural Gas 4 Hour Price Update

Updated November 19, 2020 01:50 AM GMT (09:50 PM EST)

2.712 was the closing price of the four-hour candle for Natural Gas, resulting in the current 4 hour candle being one in which price moved up 0.74% ($0.02) from the previous 4 hours. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the previous 4 hours in terms of percentage price change.

Natural Gas Daily Price Recap

The choppiness in the recent daily price action of Natural Gas continues; to start today, it came in at a price of 2.712 US dollars, up 0.74% ($0.02) since the previous day. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the day in terms of price change relative to the previous day. Below is a daily price chart of Natural Gas.


Natural Gas Technical Analysis

Coming into today Natural Gas is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 9 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Natural Gas:

  • From DrOlusesan:

    Gas-to-liquid (GTL) is a new technological innovation that converts natural gas to ultra-pure, sulphur free diesel & naphtha. All over the world, there’s currently only two! The first is ORYX GTL, Qatar, the second is Nigeria’s Escravos-Gas-To-Liquid (EGTL), operated by Chevron.

  • From aghavalyan:

    In 2021, all utilities (natural gas, electricity, water, etc.) and communication services (mobile and fixed connections, the Internet) will be provided to the population free of charge, within reasonable volumes, announced @Pres_Artsakh today. Come and live in #Artsakh. 😉

As for a news story related to Natural Gas getting some buzz:

The big climate battle of the Biden era will be natural gas – Los Angeles Times

Toward a more sustainable California Get Boiling Point, our newsletter exploring climate change, energy and the environment, and become part of the conversation — and the solution….In a report co-written with Stanford University researchers, Moniz’s Energy Futures Initiative argued that the Golden State would have a much easier time meeting its ambitious climate targets if it invested in technology to capture planet-warming emissions from power plants and industrial facilities before they could reach the atmosphere….Centrist-minded climate advocates — and fossil fuel companies — see carbon capture as a way to combat global warming without having to totally eliminate coal, oil and natural gas….The October report concluded that California could slash emissions by 60 million metric tons annually by 2030 — about one-third of the reduction the state hopes to achieve — by outfitting 76 industrial facilities and power plants with carbon capture systems….A recent study from researchers at UC Irvine and Global Energy Monitor found that replacing aging coal plants with new gas plants that could operate for 30 years or longer — as America has done in recent years — might reduce long-term carbon emissions by just 12%….The Energy Futures Initiative report acknowledges the technology is no “silver bullet.” But with a strong national carbon price that incentivizes companies to slash emissions, more carbon capture systems would be built, said Sally Benson, one of the report’s lead authors and co-director of Stanford’s Precourt Institute for Energy.

“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram