Natural Gas 4 Hour Price Update
Updated September 08, 2020 11:07 PM GMT (07:07 PM EST)
Natural Gas’s 5 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 4.04% ($0.1). On a relative basis, the current 4 hour candle were pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂
Natural Gas Daily Price Recap
Natural Gas entered today at $2.534, down 1.71% ($0.04) from yesterday. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Natural Gas below illustrates.
Natural Gas Technical Analysis
Volatility for Natural Gas has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Natural Gas’s price has gone down 9 of the previous 14 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 RossSchumann:
@MayorOfLA Or… you could join the rest of civilized world in using an energy mix that includes reliable natural gas (available in your state) and actually keep the power on for all of your residents. And, even better, would give people jobs. Oh wait, you dont like people having those.
- From politstrip:
@bobclendenin California politicians decided to destroy our state’s energy sector & create a failing monopoly. They shut down clean natural gas energy & nuclear energy leaving our aging power grid fragile. Now we have BLACKOUTS & have to live like a 3rd world nation w/o power in 100° temps
- From sunlorrie:
Amid other scandals, the GEA led indirectly to the gas plants scandal and the jailing of a former senior aide to the premier for destroying documents related to it, because the natural gas plants the government built were to back up unreliable and intermittent wind & solar power.
In terms of news links for Natural Gas here’s one to try:
The Texas Railroad Commission has come under attack for allowing companies to effectively flare at will over the past decade as shale production boomed and helped make the US the world’s top oil producer….After more than a year of public pressure, the commission recently proposed reducing the amount of flaring time allowed under some waivers and requiring operators to provide information on why they need to flare, but it set no targets and resisted calls for an outright ban.
“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