Natural Gas (NG1) Up 3.09%; Crosses 100 Day Moving Average

Natural Gas Daily Price Recap

Natural Gas came into today up 3.09% ($0.058) from the open of yesterday, marking the 2nd day in a row it has gone up. Out of the 6 instruments in the energy commodity asset class, Natural Gas ended up ranking 5th for the day in terms of price change relative to yesterday. Here is a daily price chart of Natural Gas.

Natural Gas Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Natural Gas crossed above its 100 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 14 days.

Overheard on Twitter

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

  • From RoyPentland:

    @JWSpry @csfc67 @cjtjgeol @Barbarajdurkin @OutsidersOnSky @sklippitt @Cosmic_Engineer @TomInOrlando @Canberroo @tan123 @Jean52601194 @no2wind @TheDalaiLamaCon @JaggerMickOZ @drwaheeduddin @FernandoLeanme @KeillerDon @AndyOz2 @SylviaD32911201 @KiryeNet @EcoSenseNow @Kenneth72712993 @dbirch214 @StormSignalSA @DawnTJ90 @Piers_Corbyn @NikolovScience @RogTallbloke @peikko763 @0Sundance @HVACPerformance @cheryl1492 @JoanneNova @rowandean @LofayPeter @RonCrunt @PaprikaLady @JsharkJill @CFACT I especially like the reference to EV’s:”It may also be time to rename the electric cars, beloved by many, to what they really are, coal, natural gas or nuclear powered cars.”

  • From Lexialex:

    Apropos cars, I had a very funny and confusing convo with my brother yesterday who was lamenting the fact that he wanted to lease a car that uses gas & couldn’t get one in his area. We finally realized that he’s talking natural gas while I’m thinking gasoline. #LostInTranslation

  • From thirdrowtesla:

    “The EU spends as much as 200 billion euros ($217 billion) a year on subsidizing oil, coal and natural gas, according to a study by the European Parliament. That’s hindering the effort to reduce greenhouse gases, which is at the heart of the EU agenda” — Bloomberg

As for a news story related to Natural Gas getting some buzz:

Report: Natural gas is a loser for long-term utility shareholder value | Utility Dive

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