Natural Gas Futures Bearish Momentum With A 14% Fall In The Last 10 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 14.18% for the last 10 sessions. At 04:55 EST on Monday, 13 November, Natural Gas (NG) is $3.09.


Today’s last reported volume for Natural Gas is 2444, 99.99% below its average volume of 3993523307.27.


Natural Gas’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.72%, a negative 0.14%, and a positive 2.59%, respectively.

Natural Gas’s highest amplitude of average volatility was 1.72% (last week), 2.91% (last month), and 2.59% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Natural Gas’s commodity is considered to be overbought (>=80).

News about

  • Crude oil looking to firm up a bounce from $76. According to FXStreet on Saturday, 11 November, "US Crude Oil stocks declined sharply last month, but the drawdown is larger a result of oil refiners capitalizing on soaring oil prices, and Crude Oil stocks continue to rebound almost as quickly as they declined.", "Despite significant production cuts from key member states of the Organization of the Petroleum Exporting Countries (OPEC), global oil demand has failed to materialize in a meaningful way, specifically weighed down by a notable lack of Crude Oil demand from China."
  • WTI crude oil: weekly forecast 12th November – 18th November – 12 November 2023. According to DailyForex on Sunday, 12 November, "Yet, even in the midst of the ongoing saga in the Middle East, the price of WTI Crude Oil has remained rather muted and has in fact declined. ", "A fall below the 73.000 price looks dangerous technically for Crude Oil and could ignite additional speculative selling positions. "

More news about Natural Gas (NG).

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