Natural Gas 4 Hour Price Update
Updated July 01, 2020 11:07 PM GMT (07:07 PM EST)
Natural Gas came into the current 4 hour candle up 0.47% ($0.01) from the open of the last 4 hour candle, marking the 3rd candle in a row an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Natural Gas Daily Price Recap
Natural Gas is up 0.47% ($0.01) since the day prior, marking the 3rd day in a row an increase has occurred. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 4th since the day prior in terms of percentage price change. Here is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Coming into today Natural Gas is now close to its 20 and 50 day averages, located at 1.69 and 1.77 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that Natural Gas’s price has gone up 6 of the previous 10 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Natural Gas:
- From kentuckyliz:
@adeleshiv @McAuleyATL Guess what–natural gas prices killed coal. We have solar panel complexes popping up around the state–you can see a big one near Winchester next to I-64. I work at a tech college in east KY coal country and our electricity students take solar/wind tech training too.
- From FoxForceFlacco:
@justin_fenton @janders5 Have to say I don’t love the story’s characterization of John Arnold simply as a philanthropist. He’s more notably a former hedge fund manager and natural gas trader who was deeply involved in the Enron scandal. Philanthropist just makes him sound like a kindly chap
- From Corpus_DSA:
Reminders about Nueces County Judge Barbara Canales:
– She has a degree in Petro Engineering
– She’s co-owner of an independent oil & gas exploration & production company active in the development of natural gas reserves in South TX
– She was an officer of the Port Commission
As for a news story related to Natural Gas getting some buzz:
Published on By President Muhammadu Buhari yesterday said that harnessing and commercialising the nation’s vast natural gas reserves is an enabler for rapid economic development and diversification of the economy….”This remains a cardinal objective of our administration’s drive towards ensuring a stable, sustainable and more prosperous future for our citizenry.” President Buhari directed the NNPC and partners to remain focused, noting that the AKK project is part of the delivery of thepresent administration’s Next Level Agenda for sustainable development, enhancement of economic prosperity and increase of the country’s infrastructure assets….It marks the day when our domestic natural gas pipeline networks; from Obiafu in Rivers State, Escravos in Delta State and Lekki in Lagos State, are being connected through Kaduna to Kano States thereby enhancing national energy security, creating balanced development, and further integrating our nation”.