Natural Gas 4 Hour Price Update
Updated November 11, 2020 01:50 AM GMT (09:50 PM EST)
The end of a 6 four-hour candle negative run has come for Natural Gas, which finished the last 4 hour candle up 3.15% ($0.09). Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Natural Gas Daily Price Recap
Natural Gas’s 6 day negative streak has officially concluded, as the candle from the previous day closed up 3.15% ($0.09). Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 3rd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Natural Gas.
Natural Gas Technical Analysis
The first thing we should note is that Natural Gas is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 10 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Natural Gas:
- From Rain_Surname:
@heyyou2486 @LaF3mm3Nikita @mccaffreyr3 He also fired heads of agencies overseeing electricity, natural gas, & the nuclear stockpile, almost as if he owes billions to foreign powers, has been sabotaging the US to clear that debt, & is now preparing to destroy the grid, set fire to cities, & steal a nuke on his way out.
- From malinablue:
*Trump fires heads of agencies overseeing nuclear stockpile, electricity/natural gas & overseas aid
*Trump fires Defense chief Esper, who warns Trump may fire CIA director & FBI director next
*McConnell huddles w/ Barr, then comes out & denies Trump lossFeels like a coup.
- From LukeDCoffey:
There will be a major shift in how Iran factors into Azerbaijani foreign policy making due to:✔️a transit corridor between Nakhchivan & mainland Azerbaijan✔️previously announced natural gas pipeline connecting Turkey with NakhchivanThis is good for Baku. Bad for Tehran.
“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