Natural Gas Futures Over 9% Down In The Last 10 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 9.62% for the last 10 sessions. At 11:52 EST on Friday, 21 June, Natural Gas (NG) is $2.72.

Volume

Today’s last reported volume for Natural Gas is 51805, 99.99% below its average volume of 3245259414.24.

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

  • Crude oil continues to prove resilient – TDS. According to FXStreet on Wednesday, 19 June, "Upside momentum firming and Commodity Trading Advisors (CTAs) in Crude Oil remain on the bid, TDS commodity strategists note."
  • According to FXStreet on Wednesday, 19 June, "Going forward, the next trigger for the Oil price will be Energy Information Administration (EIA) Crude Oil Stocks Change data for the week ending June 14, which will be published on Thursday due to a holiday in US markets on account of Juneteenth."
  • Crude oil climbs again, WTI Marches toward $82 after EIA barrel count declines. According to FXStreet on Thursday, 20 June, "OPEC+ nations that shouldered a significant burden in trying to bolster global Crude Oil prices by intentionally restricting the amount of unrefined Crude Oil they pull out of the ground has begun to weigh on government budgets that routinely rely on barrel-selling activity to balance accounts.", "Despite the drag on EIA barrel stocks, traders with a calculator handy will note that the week’s backslide brings EIA Crude Oil counts for the year to a 26 million barrel surplus."

More news about Natural Gas (NG).

Leave a Reply

Your email address will not be published.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