Natural Gas Futures Bearish Momentum With A 10% Drop In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 10.1% for the last 21 sessions. At 23:51 EST on Wednesday, 16 October, Natural Gas (NG) is $2.37.

Volume

Today’s last reported volume for Natural Gas is 1889, 99.99% below its average volume of 3012817791.86.

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, 15 October, "This leads to a further decline in Crude Oil prices, which undermines the commodity-linked Loonie and lends additional support to the USD/CAD pair."
  • Crude oil nosedives after IEA says oversupply still continues. According to FXStreet on Tuesday, 15 October, "At the time of writing, Crude Oil (WTI) trades at $70.12 and Brent Crude at $74.09", "There is a challenging path to recovery if Crude Oil wants to get back to $75.00. "

More news about Natural Gas (NG).

Leave a Reply

Your email address will not be published. Required fields are marked *