Natural Gas (NG1) Down $0.06 On 4 Hour Chart, Started Today Down 3.57%; Breaks Below 20, 50 and 100 Day Averages

Natural Gas 4 Hour Price Update

Updated July 28, 2020 03:07 AM GMT (11:07 PM EST)

The end of a 4 four-hour candle positive run has come for Natural Gas, which finished the previous 4 hours down 3.57% ($0.06). Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the four-hour candle in terms of price change relative to the previous 4 hours.

Natural Gas Daily Price Recap

Natural Gas’s 4 day positive streak has officially concluded, as the candle from yesterday closed down 3.57% ($0.06). Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since yesterday in terms of percentage price change. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Natural Gas crossed below its 20, 50 and 100 day moving averages yesterday. For additional context, note that price has gone up 16 out of the past 30 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 EnergyCynic:

    1/ Mini-thread. Cabot, one of the largest natural gas companies in the US, trades at close to 12x 2020E EBITDA and is rapidly chewing through its core inventory. Yes it has little leverage and the best rock in the US.But fact pattern for companies like this is not great.$COG

  • From wesmoss1018:

    @carolinemit3882 @JoeBiden $15/hr min wage makes the $1 menu the $5 menu. Raising taxes makes it the $7 menu. Cutting output of domestic oil, coal and natural gas makes gas $6 a gallon and utility bills outrageous…. Who would be hurt the most from that?

  • From glomad128:

    @ScottPresler @realDonaldTrump No new fracking permits. No fracking on fed lands. Get your facts straight. Natural gas prices have been in the toilet since the Marcellus boom. Not worth the $$ to frack new wells here, anyway. I’d rather see clean, renewable energy jobs.