Natural Gas (NG1) Up $0.03 in Last 4 Hours, Outperforms All energy commodity; Entered Today Up 1.07%
We need to make sure that the people we fired are barred from public service in the future, they can start food trucks and sell bolongna sadwiches….
Natural Gas
(Last Updated November 27, 2020)
Welcome to the news page for Natural Gas (NG1). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
A trend/countertrend situation exists on NG1, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
NG1 Moving Averages
The moving averages on NG1 summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a decline about 3 weeks prior.
Below is a chart showing NG1’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, NG1’s price is up $0.28 (10.45%) from the week prior. NG1 has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows NG1’s price action over the past year.
Natural Gas (NG1) Up $0.15 Over Past 4 Hours, Outperforms All energy commodity; Entered Today Up For the 4th Day In A Row
We need to make sure that the people we fired are barred from public service in the future, they can start food trucks and sell bolongna sadwiches….
Natural Gas (NG1) Up $0.06 Over Past 4 Hours; Started Today Up 2.36%
“The ute indian tribe primarily funds its government through its oil and gas revenue,” the group says….
Natural Gas (NG1) Up $0.06 Over Past 4 Hours, Came Into Today Up For the 2nd Day In A Row; Crosses 50 Day Moving Average
For another vantage point, consider that natural gas’s price has gone down 17 of the previous 30 trading days.
Natural Gas (NG1) Up $0.06 On 4 Hour Chart, Outperforms All energy commodity; Started Today Up 2.24%
Natural gas outperformed all 6 assets in the energy commodity asset class since yesterday.
Natural Gas (NG1) Down $0.12 On 4 Hour Chart, Breaks Below 50 Day Average; in a Downtrend Over Past 14 Days
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Natural Gas (NG1) Up $0.02 in Last 4 Hours, 2 Day Down Streak Ended; in an Uptrend Over Past 90 Days
A recent study from researchers at uc irvine and global energy monitor found that replacing aging coal plants with new gas plants that could operate for 30 years or longer — as america has done in recent years — might reduce long-term carbon emissions by just 12%….
Natural Gas (NG1) Down $0 On 4 Hour Chart, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 7 out of the past 10 days.
Natural Gas (NG1) Down $0.3 in Last 4 Hours, Underperforms All energy commodity; Entered Today Down 9.95%
On a relative basis, natural gas was the worst performer out of all 6 of the assets in the energy commodity asset class today.
Natural Gas (NG1) Down $0 in Last 4 Hours, Tops All energy commodity; Entered Today Up 0.64%
Natural gas outperformed all 6 assets in the energy commodity asset class since yesterday.