Natural Gas (NG1) Up $0.14 in Last 4 Hours, Underperforms All energy commodity; Pin Bar Pattern Appearing on Chart

Natural Gas 4 Hour Price Update

Updated October 14, 2020 12:50 AM GMT (08:50 PM EST)

Natural Gas came into the current 4 hour candle up 5.11% ($0.14) from the open of the previous 4 hours, marking the 4th straight candle an upward move 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’s 4 day positive streak has officially concluded, as the candle from the previous day closed down 0.9% ($0.03). Those trading within the energy commodity asset class should know that Natural Gas was the worst performer in the class today. Here is a daily price chart of Natural Gas.

NG1

Natural Gas Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Natural Gas’s price has gone down 17 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Natural Gas:

  • From DefenseNigeria:

    Now heres what we need to know. The Lake Chad basin is estimated to have a reserve of 2.3 billion barrels of oil and 14.65 trillion cubit feet of natural gas. Oil and natural gas flows underground across the countries sharing Lake Chad basin : Nigeria, Chad, Niger and Cameroon.

  • From duck_modern:

    @clairecmc @Ty___Webb Our republican Texas governor pulled all but one mail in drop box per county. The one in my county was surrounded by natural gas holding tanks and not accessible by public transportation. They want to ensure that the less fortunate remain less fortunate.

  • From phantom3434:

    $BRK.A underappreciated assets in $BRK.A portfolio is the natural gas assets. People just don’t realize the moat $BRK.A has in the long haul transportation nat gas game. Last I checked they aren’t building them every day, and the regulations are going to get worse.

For a longer news piece related to NG1 that’s been generating discussion, check out:

New Study Casts Doubt On The Climate Benefits Of Natural Gas Power Plants | HuffPost

“But we likely won’t need all of the gas plants that are around right now.” Your vote is your voice!…Visit your state election office website to find out if you can vote by mail.


“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