Natural Gas Daily Price Recap
The back and forth price flow continues for Natural Gas, which started today off at 1.935 US dollars, up 5.28% ($0.097) from the previous day. 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 the previous day. Below is a daily price chart of Natural Gas.
Natural Gas Technical Analysis
Coming into today Natural Gas is now close to its 100 day moving averages, which may act as price barrier for the asset. 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. For another vantage point, consider that Natural Gas’s price has gone down 6 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Natural Gas:
- From JenniferGame6:
The RBA says Australians who want to benefit from our natural gas should buy shares in foreign owned gas companies (we get paid $300 million in tax on $55 BN of export sales). Is it time for the government to buy oil & gas projects while they are cheap? @PaulineHansonOz #oil
- From katlinegrey:
… Krylo-SV will land like a plane (on a folded wing -K.P.) due to the Russian geographical specifics. If Roscosmos finds this landing type effective and simple, then a middle-class rocket will be developed, now they call it Soyuz-SPG. It will use liquid natural gas as fuel.
- From ninong_erring:
Dear Sir Chhota Bhai Shri @dpradhanbjp Ji,I have returned to Arunachal Pradesh now to serve here and as an old colleague & also former member of Petroleum and Natural Gas committee I would like to bring your attention towards the declining prices of crude oil.
For a longer news piece related to NG1 that’s been generating discussion, check out:
Renewable energy sources now account for 22.60% of the nation’s total available installed generating capacity and continue to expand their lead over coal (20.62%)….The generating capacity of just wind and utility-scale solar is now at 12.58% of the nation’s total (not including residential solar….The generating capacity of just wind and utility-scale solar is now at 12.58% of the nation’s total (not including residential solar).” I can remember when just 20 years ago, coal fired generation in the U.S. was right at 51% of the total generated electricity.