Natural Gas 4 Hour Price Update
Updated July 24, 2020 11:08 AM GMT (07:08 AM EST)
Natural Gas came into the current 4 hour candle up 5.45% ($0.09) from the open of the previous 4 hours, marking the 3rd candle in a row an upward move has occurred. Natural Gas outperformed all 6 assets in the energy commodity asset class since the previous 4 hours. Congrats to its holders!
Natural Gas Daily Price Recap
Natural Gas closed the day prior up 5.45% ($0.09); this denotes the 3rd day in a row an increase has occurred. On a relative basis, today was pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂 Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Natural Gas crossed above its 20, 50 and 100 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Natural Gas’s price has gone up 6 of the previous 10 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Natural Gas for the past day were:
- From Boi_dBoi_d:
@markp1950 @LawsonUBS @MartinBrampton @manifesto2000 @tsjets1 @OnlyTalkBall @Farm_Machinery_ @bazakel @DuncanRice1 @Barbarajdurkin @TangRoy17 @doctorbarnes1 @noturbine @FriendsOScience @TeaJunkie1 @no2wind @RoyPentland @GillesnFio @GreyTonka @LesleyJ62456075 @MarkELacey @JaggerMickOZ @HVACPerformance @MedBennett @RedDragonFly19 @ozhomeschool @ianbrow97534170 @GlenneDrover @PhilMarsom @TexCIS @DougieG @0Sundance @LynnRahn1 @EuphoricEuler @SchemppShawn @UkraineTrollbot @novakglobal @downtownrob88 @am_garland @GrahamHill1234 @ScottRowein @AreWeThatStupi1 @markcojuangco @Michael_D_Crow @Pembina @RockyMtnInst @Solara_io @solazyme @Sunshine_Val1 @solaralberta This discussion is so ridiculous! Why do we even talk about this? It’s a political discussion. Has no scientific base whatsoever. Financially it’s a pack of worms, infrastructure that already is in place needs redoing. And why?! Stick to good old coal and natural gas!
- From ncdave4life:
@IngersolRobert @JoeTheAtheist @EthonRaptor @ianrowley677 @OscarsWild1 @LochChesney @PolAnimalAus @swcrisis @KCTaz @ClimateScience2 @Schtickery @RuleByLogic @MATTP1949 @daveguitarclark @eloarefab @ClimatePoet @WadeKendall4 @Tangomitteckel @NikolovScience @DisorderDipolar @SimonMaxfield8 @Kenneth72712993 @ClimateSkeptic4 @SmithRobertson8 @DawnTJ90 @Vieux_Rhone @DonWils13730132 @AtomsksSanakan @ancistroneura @JsharkJill @BadgersNo @Ceist8 @ZombiePiano @Jamz129 @CymaticWave @CrangusShish @insane_voice @TheDisproof @maya_phd @Gladfly1 @baletown_crawl @leonardjcohen @FrankWi74044551 @fknsavages27 @GillesnFio @HVACPerformance @EcoSenseNow @PullNews @caleb_rossiter @ShellenbergerMD Natural gas is replacing coal & nuclear. So-called “renewables,” because they’re intermittent, and produce no power for long periods of time, can’t replace reliable baseload power generation.Solar can work for peak load shaving, where peak load is AC on sunny summer afternoons.
- From Izik013:
@Nneorio @DavidHundeyin More Nigerians need to be angry tbvh. Scarce $2bn was thrown to the wind all in the name of oil exploration on the Chad basin, while the AKK pipeline’s $2.8bn investment is wasted thru d Ajaokuta Kaduna Kano route when there are firms begging for natural gas in d south.
As for a news story related to Natural Gas getting some buzz:
Homes in Fort Saskatchewan, Alta., are to be warmed with natural gas blended with hydrogen beginning next year, a “first step” amid efforts to diversify the province’s energy sector and potentially reduce carbon emissions….It is also providing funds to two other hydrogen projects, including one aimed at producing zero-emissions hydrogen….The new pilot project is set to use “grey” hydrogen purchased from a producer, but with the carbon capture technology in the province, ATCO’s Feltham said he has “no doubt” about the future potential.