Natural Gas (NG1) Up 4.63%; Crosses 50 Day Moving Average

Natural Gas Daily Price Recap

The back and forth price flow continues for Natural Gas, which started today off at 1.876 US dollars, up 4.63% ($0.083) from yesterday. 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. Below is a daily price chart of Natural Gas.

Natural Gas Technical Analysis

First things first: Natural Gas crossed above its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Natural Gas’s price has gone up 6 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 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

  • From SoniaTulpar:

    @BoycottHegemony china getting rich with East Turkistan’s enormous oil, natural gas, uranium, aluminium, gold, coal cotton & harvesting organs from healthy & young, innocent Uyghurs. If china invest some countries, it means china will rob these countries first and let them end up with debt-trap.

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

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

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