Natural Gas (NG1) Up $0.06 in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days

Natural Gas 4 Hour Price Update

Updated July 30, 2020 11:07 PM GMT (07:07 PM EST)

Natural Gas closed the previous 4 hours up 3.39% ($0.06); this denotes the 2nd candle in a row an increase has occurred. 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 is up 3.39% ($0.06) since the previous day, marking the 2nd day in a row an upward move has occurred. On a relative basis, today was pretty good: Natural Gas bested all 6 of the assets in the energy commodity class šŸ™‚ The daily price chart of Natural Gas below illustrates.

NG1

Natural Gas Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Natural Gas’s price has gone up 9 them.

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 Janopet:

    @SexCounseling @realDonaldTrump They buy it from Russia because natural gas is brought in through a pipeline and a lot cheaper than bringing it in on a ship from the US . Iā€™d be a lot more concerned about Trump hiding the contents of his secret conversations with Putin and constantly buddying up to him.

  • From WholeMarsBlog:

    A natural gas power plant costs 6.5 cents per kWh. Solar costs only 2 cents per kWh. So utilities could save a lot of money going solar ā€” but no matter how much solar or wind they install, they still need the natural gas plant because renewables are not consistent.

  • From CityofBrantford:

    INCIDENT ADVISORY:
    @BrantfordFire has made us aware of a natural gas leak at the corner of Brantwood Park Rd. and Dunsdon Dr. A construction crew hit a gas line. Brantford Fire, Union Gas and Brantford Police are working together to monitor natural gas levels in the area and are

In terms of news links for Natural Gas here’s one to try:

Babies born near natural gas flaring are 50 percent more likely to be premature – EHN

Researchers link air pollution from burning off excess natural gas to preterm births for babies, with the most pronounced impacts among Hispanic families….While looking at the density of wells, the researchers found that expectant parents who lived within three miles of a high number of oil and gas wells also had higher odds of a preterm birth than parents who did not live near wells, regardless of flaring….Bell) Johnston and colleagues found that parents in the study who identified as Latina or Hispanic were exposed to more flaring, and were more likely than White parents to see an increased risk of preterm birth.