(Last Updated July 10, 2020)
Hello! This is the news page for Natural Gas. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
A trend/countertrend situation exists on NG1, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
Across several time periods between 20 and 200 days, the trend on NG1 has remained consistently bearish. Moreover, it should also be noted that the 20 and 50 SMA just turned bearish today.
The chart below illustrates.
At the time of this writing, NG1’s price is up $0.06 (3.54%) from the week prior. Moreover, note that the weekly chart shows that NG1 has seen 2 straight up weeks. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Most noteworthy in the world of moving averages on the weekly chart is that the 20 week moving average has been crossed, so that price is now turning above it. Looking further out, the moving averages on the weekly timeframe suggest a bearishess 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. NG1’s weekly price action over the past 52 weeks can be seen via the chart below.
Out of the 6 instruments in the energy commodity asset class, natural gas ended up ranking 4th for the day in terms of price change relative to the day prior.
Utilities around the country are promoting their growing use of renewable energy like hydroelectric dams, wind turbines and solar panels, which collectively provided more power than coal-fired power plants for the first time last year….
Those trading within the energy commodity asset class should know that natural gas was the worst performer in the class today.
I worked through a pandemic to ensure the safety of oil and natural gas wells.
In 2020, 18 oil-and-gas companies have already defaulted on their debt to date….
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
In 2020, 18 oil-and-gas companies have already defaulted on their debt to date….
Shutting down coal power plants and opening gas plants in their place will generally reduce emissions, depending on a variety of variables (again including methane emissions)….
Gas flare rate was 9.08 per cent for the month under review i.e.
Pm shri @narendramodi for approving additional investment by @ongcvideshltd for the development of producing blocks a-1 and a-3 in myanmar.