Natural Gas (NG1) Up $0.1 Over Past 4 Hours, Underperforms All energy commodity; Crosses 20 Day Moving Average

Natural Gas 4 Hour Price Update

Updated September 09, 2020 12:50 AM GMT (08:50 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

The back and forth price flow continues for Natural Gas, which started today off at 2.361 US dollars, down 8.42% ($0.22) from yesterday. On a relative basis, Natural Gas was the worst performer out of all 6 of the assets in the energy commodity asset class today. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

First things first: Natural Gas crossed below its 20 day moving average yesterday. 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. Or to view things another way, note that out of the past 14 days Natural Gas’s price has gone down 9 them. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 30 and 90 day charts, may be slowing down and ready to reverse.

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 moms4nuclear:

    @KamalaHarris @JoeBiden Nuclear workers are electrical workers & work hard to keep your power flowing in the most needed times – like when the sun sets in Cali during record heat waves, smoke, & natural gas shortages.
    We must value our reliable, carbon-free base load energy (nuclear’s our best hope).

  • 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


“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