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Natural Gas Futures Bullish Momentum With A 14% Jump In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 14.83% for the last 21 sessions. At 11:54 EST on Tuesday, 30 April, Natural Gas (NG) is $2.04.

Volume

Today’s last reported volume for Natural Gas is 68853, 99.99% below its average volume of 3416416433.28.

Volatility

Natural Gas’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.89%, a negative 0.47%, and a positive 3.46%, respectively.

Natural Gas’s highest amplitude of average volatility was 4.77% (last week), 5.08% (last month), and 3.46% (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).

Previous days news about Natural Gas (NG)

  • Natural gas steady in the green above $2 despite bearish forces emerging. According to FXStreet on Monday, 29 April, "Adding to this, more supply is likely coming online as the US Freeport Liquified Natural Gas (LNG) plant overcomes some of its technical problems, which have weighed on production for the last few months."

News about

  • According to FXStreet on Monday, 29 April, "The hawkish outlook, meanwhile, remains supportive of the underlying bullish tone around the US Dollar (USD) and might continue to weigh on Crude Oil prices.", "This comes after Russia announced more export and production cuts earlier this year, which, along with little signs of de-escalation of tensions in the Middle East, keep supply risks in play and should help limit any meaningful downside for Crude Oil prices."
  • According to FXStreet on Tuesday, 30 April, "Apart from this,the API Weekly Crude Oil Stock for the week ending April 26 will be released."

More news about Natural Gas (NG).

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