Natural Gas (NG1) Up $0.05 On 4 Hour Chart, 2 Day Up Streak Ended; in a Downtrend Over Past 14 Days

Natural Gas 4 Hour Price Update

Updated September 17, 2020 12:50 AM GMT (08:50 PM EST)

Natural Gas closed the previous 4 hours up 2.25% ($0.05); this denotes the 2nd candle in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 4th 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 2.259 US dollars, down 4.36% ($0.1) since the day prior. 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 day prior. Here is a daily price chart of Natural Gas.


Natural Gas Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Natural Gas’s price has gone down 7 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 nithyavraman:

    Right now, only about a third of LADWP’s energy comes from renewable sources — while over half comes from burning coal and natural gas. It’s time to accelerate a shift toward renewables and away from fossil fuels.Our City Council has the power to do it.

  • 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 fatah_pak:

    Zero noise by the so-called Karachi Ke Khairkhwa on the gas crisis hitting the industry well before winters. Karachi should get prioritized gas as Sindh generates 65%-70% natural gas in the country, as per the constitution.No Kamran Khans, no Khurram Sherzamans shouting!

“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