Natural Gas 4 Hour Price Update
Updated September 16, 2020 12:50 AM GMT (08:50 PM EST)
Natural Gas’s 4 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 1.81% ($0.04). 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 came into today up 2.29% ($0.05) from the open of the previous day, marking the 2nd straight day an upward move has occurred. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
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 additional context, note that price has gone down 16 out of the past 30 days.
Overheard on Twitter
Behold! Here are the top tweets related to Natural Gas:
- From ANI:
Under Pradhan Mantri Ujjwala Yojana (PMUY), the target of 8 crore new LPG connections has been achieved & Oil Marketing Companies (OMCs) issued 1306.87 lakh LPG refills to PMUY beneficiaries under Pradhan Mantri Garib Kalyan Package till Aug’20: Petroleum & Natural Gas Ministry
- From webdevMason:
This is the same state that decommissioned its nuclear plants and largely replaced them with natural gas + nonrenewable imports, nixed allowances for housing density around public transit, and regulated itself out of any possibility of completing its own high speed rail project
- From ScottyFromMktg:
People banging on about “solar” energy – do they not realise how hot the sun is? How is this going to help with “global warming”? Liquid natural gas (LNG) on the other hand is about -162 degrees Celsius! So much cooler.
In terms of news links for Natural Gas here’s one to try:
A train of 110 tank cars filled with liquefied natural gas would have five times the energy of the Hiroshima bomb….On July 24, 2020, the Pipeline and Hazardous Materials Safety Administration published a final rule to allow liquefied natural gas transport by rail in a new, untested tanker car….Close Section Read More The Pipeline and Hazardous Materials Safety Administration’s rule proposes no restrictions on the number or distribution of liquefied natural gas tanker cars in a particular train, nor on the routes these trains may travel….Close Section Read More The National Transportation Safety Board says that allowing liquefied natural gas to be moved in railroad tank cars “would be detrimental to public safety,” and notes that the rule would allow the explosive substance to move across the U.S. in “unvalidated tank cars and lacking operational controls that are afforded other hazardous materials such as flammable liquids.” In addition, the National Association of State Fire Marshals commented that, in the new rule, the federal Pipeline and Hazardous Materials Safety Administration “is not proposing any additional safety requirements on these rail cars, or the trains which transport them, despite the potential hazards of LNG product.” The Fire Marshals added: “The combination of a lack of information with no increased safety measures is a dangerous proposition.
“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