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Natural Gas Futures Bullish Momentum With A 32% Rise In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 32.21% for the last 21 sessions. At 11:52 EST on Wednesday, 2 October, Natural Gas (NG) is $2.91.

Volume

Today’s last reported volume for Natural Gas is 96834, 99.99% below its average volume of 3055449980.85.

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).

News about

  • According to FXStreet on Tuesday, 1 October, "This, in turn, validates the bearish outlook and suggests that the path of least resistance for Crude Oil prices remains to the downside.", "This, along with some follow-through US Dollar (USD) buying, bolstered by the Federal Reserve (Fed) Chair Jerome Powell’s relatively hawkish remarks on Monday, turn out to be key factors weighing on Crude Oil prices."
  • Crude oil nosedives, shrugging off Israeli ground incursion into Lebanon. According to FXStreet on Tuesday, 1 October, "At the time of writing, Crude Oil (WTI) trades at $67.44 and Brent Crude at $71.15."

More news about Natural Gas (NG).

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