Natural Gas Futures Bearish By 9% In The Last 10 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 9.49% for the last 10 sessions. At 14:52 EST on Saturday, 22 June, Natural Gas (NG) is $2.72.

Volume

Today’s last reported volume for Natural Gas is 75786, 99.99% below its average volume of 3315013437.23.

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)

  • According to FXStreet on Friday, 21 June, "West Texas Intermediate (WTI) US Crude Oil hit a fresh high for the week early Friday before slumping back into negative territory for the day after the Energy Information Administration (EIA) noted that US Crude Oil production remains near all-time peaks and a larger-than-expected buildup in Natural Gas reserves."

News about

  • Crude oil climbs again, WTI Marches toward $82 after EIA barrel count declines. According to FXStreet on Thursday, 20 June, "The Energy Information Administration (EIA) reported an unexpected decline in US Crude Oil Stocks Change for the week ended June 14. ", "US Crude Oil has climbed further above the 200-day Exponential Moving Average (EMA) at $78.85."
  • According to FXStreet on Friday, 21 June, "This turns out to be another factor lending some support to Crude Oil prices, though a modest US Dollar (USD) strength, bolstered by the overnight sharp rise in the US Treasury bond yields, might cap further gains for the USD-denominated commodity.", "This, along with concerns that a wider Middle East conflict will lead to potential disruption to global supplies from the key producing region, continues to act as a tailwind for Crude Oil prices and validates the near-term positive outlook."

More news about Natural Gas (NG).

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