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Natural Gas Futures Bearish By 23% In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 23.41% for the last 21 sessions. At 11:54 EST on Wednesday, 17 July, Natural Gas (NG) is $2.06.

Volume

Today’s last reported volume for Natural Gas is 110488, 99.99% below its average volume of 3229082958.04.

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 drops lower with European storage on track. According to FXStreet on Monday, 15 July, "The Liquified Natural Gas (LNG) plant is still not producing, taking longer to start after it closed last week because Hurricane Beryl passed through the area."

News about

  • According to FXStreet on Tuesday, 16 July, "This adds to worries about a slowdown in the world’s second-largest economy and waning fuel demand in the world’s biggest oil importer, which, in turn, is seen as a key factor exerting some downward pressure on Crude Oil prices.", "Apart from this, concerns about supply disruptions stemming from the ongoing conflicts in the Middle East should act as a tailwind for Crude Oil prices and help limit deeper losses. "
  • According to FXStreet on Monday, 15 July, "Concerns about supply disruptions stemming from the ongoing conflicts in the Middle East turn out to be another factor lending some support to Crude Oil prices. ", "This might hold back the USD bulls from placing aggressive bets and continue to act as a tailwind for Crude Oil prices. "

More news about Natural Gas (NG).

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