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GAS

Natural gas-head and shoulders patternClear bearish head and shoulders pattern for natural gas. The head and shoulders is a reversal pattern that can indicate a potential trend reversal from bullish to bearish. The pattern consists of three peaks, with the central peak being higher than the other two, resembling the shape of a head and two shoulders. In the context of natural gas trading, the head and shoulders pattern typically forms during a prolonged uptrend, indicating a potential exhaustion of buying pressure and a shift towards selling pressure. The first peak represents the left shoulder and is formed as the price reaches a local high. This is followed by a retracement or pullback, where the price temporarily declines.
PEPPERSTONE:NATGASShort
by miladnazarzadeh
Natural Gas: 1.618 Confluence Support Zone Has Held Natural Gas was trading at this Log/Linear 1.618 Confluence Zone for a while and even confirmed a 3 white soldiers pattern from the zone, but has since been very quiet. However, it's recently begun to bring us somewhat of a bounce and has confirmed a couple of higher lows with some hidden Bullish Divergence on the MACD after holding above the Bullish Control Zone on the RSI and now it's looking to make some higher highs and could take back the entire range. It should also be noted that this 1.618 confluence zone is at the PCZ of a 1.13 Bullish Shark.
OANDA:NATGASUSDLong
by RizeSenpai
Renewable energy – a requisite tool for tackling climate change"The electric light did not come from the continuous improvement of candles." – Oren Harari In the year 1900, the world had a simple energy mix. One half of total energy supply came from coal and the other came from biomass. Gas, oil, and hydropower existed but paled in comparison. Fast forward 121 years, by 2021, things had changed in two key aspects. First, oil and gas had come head-to-head with coal to collectively account for nearly 77% of the energy mix. And second, total energy consumption had increased 14x1. This drastic increase in our energy consumption, and demand mostly satiated by fossil fuels, has created a problem. It has left us with a carbon budget of 380 gigatons of CO2 equivalent from the start of 2023. In other words, we could hit 1.5°C of warming in 9 years2. That is, unless things change meaningfully. Not continuous improvement, but radical change. Like shunning fossil fuels for cleaner alternatives. Not only is this essential but, luckily, it is now achievable thanks to the advancement of renewable energy. At the heart of the energy transition Consider the gap between the base case (dark blue line in the chart below) in Figure 1 and the path we must adopt in the 1.5°C scenario (teal line). The teal scenario appears to be possible by doing a combination of two things. Where decarbonisation of power and transportation is possible, it must be done. Where it isn’t, say heavy industries like steel and cement, carbon capture must be employed. Scaling up renewable sources of energy, therefore, is at the heart of this endeavour. A more efficient alternative Historically, our total energy consumption has only moved in one direction – upwards. While population growth and advancement in industrialisation and technology are the prime reasons for this, another contributing factor is that energy efficiency has seldom been achieved on a large scale. But with the rapid electrification of transport and buildings, efficiency gains vs using fossil fuels could result in total end-use demand for energy peaking by 2028 and, potentially, declining thereafter (in a 1.5°C scenario). Wind and solar have arrived Among renewables, wind and solar are expected to play the leading role (see Figure 3). There are numerous reasons for this. First, both technologies have been around long enough to see significant cost reductions in recent years. According to a Bloomberg New Energy Finance report published in June 2022, new onshore wind now costs about $46 per megawatt-hour (MWh), while large-scale solar plants cost $45 per megawatt-hour. In comparison, new coal-fired plants cost $74 per MWh, while gas plants cost $81 per MWh. Second, most places in the world have access to either wind or sunshine (if not both). The only challenge that needs to be overcome, therefore, is obtaining the necessary funding required to install renewable energy farms. And third, wind and solar are seeing some exciting innovations. Consider floating offshore wind as an example. Floating offshore wind power has several benefits as a source of renewable energy. First, floating wind turbines can be deployed in deeper waters where traditional fixed-bottom turbines cannot reach. This allows for greater access to stronger and more consistent wind resources, which can generate more electricity at a lower cost. Additionally, floating offshore wind turbines are less visible from shore and have a smaller environmental footprint compared to onshore and fixed-bottom offshore wind farms. Furthermore, floating offshore wind farms have the potential to be located closer to population centres, reducing transmission costs, and improving energy security. Lastly, because they are not limited by the ocean floor, floating wind turbines can be moved to different locations if needed, making them a more flexible option for renewable energy production. Wind and solar can be complemented by emerging sources of renewable energy like hydrogen. Green hydrogen, which is produced through the renewable electrolysis of water, that is, passing a current of renewable electricity through water, has the potential to help decarbonise both heavy-duty transport like trucks, ships, trains, and airplanes, and energy-intensive industries like steel and coal. As the production of green hydrogen achieves scale, cost-reductions will foster further growth. The pathway forward Renewable energy can help the energy sector deliver net zero with the aid of the following: 1. Effective policy design - regulatory, commercial, and technical barriers to entry be removed. 2. Capital - by 2050, US$47 trillion is required to deliver the generation and infrastructure of a net zero energy system3. 3. Technology – wind and solar will need to be supported by emerging technologies like hydrogen and carbon capture. 4. System flexibility – innovative ways of energy storage and distribution will need to support renewable energy. 5. Sustainability – recycling will need to be scaled up to ensure we efficiently utilise natural resources. Renewable energy is being fuelled by political will, technological progress, and investor interest. It is an exciting time to employ this tool in our fight against climate change. Sources 1 Source: Visual Capitalist as of 10 March 2023 with original data from ‘Our World in Data’. 2 Intergovernmental Panel on Climate Change, 2023. 3 Wood Mackenzie, 2023.
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by aneekaguptaWTE