Natural Gas (NG1) Up $0.08 On 4 Hour Chart, Started Today Up 2.78%; Breaks Above 20 Day Average

Natural Gas 4 Hour Price Update

Updated November 12, 2020 01:50 AM GMT (09:50 PM EST)

Natural Gas came into the current 4 hour candle up 2.78% ($0.08) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. 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 2.78% ($0.08); this denotes the 2nd consecutive day it has gone up. On a relative basis, today was pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂 Let’s take a look at the daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

First things first: Natural Gas crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Natural Gas’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Natural Gas:

  • From Trinhnomics:

    Conclusion: Instead of making it easier to build housing, SF is adding more regulations, on top of mandatory solar panels, to now BANNING NATURAL GAS.Wonder why housing + living costs are so expensive & supply of housing is so low & homelessness & poverty the highest in the USA

  • From BashirAhmaad:

    There are over 2.9bn litres of petrol available nationwide for the festive period, the ongoing nationwide strike by some oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria will not lead to fuel scarcity, GMD NNPC, @MKKyari, assures.

  • From jamft:

    I am just looking at my Natural Gas bill for September. Charges for the actual Gas: $2.25. And after all the other charges: $38.90Electricity: $42.36, and after all the other charges: $117.50.Federal Carbon Tax on $2.25 of Natural Gas is $1.54. How does that work?


“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