Natural Gas Futures Bearish By 25% In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 25.9% for the last 21 sessions. At 07:50 EST on Saturday, 24 February, Natural Gas (NG) is $1.58.

Volume

Today’s last reported volume for Natural Gas is 43961, 99.99% below its average volume of 3626828468.35.

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 steadies as iran accuses Israel of pipeline explosion. According to FXStreet on Thursday, 22 February, "On the upside, Natural Gas is facing some pivotal technical levels to get back to. ", "On the supply side, Chesapeake Energy reported it will cut its Natural Gas production by 20%, whileNorwegian and US LNG exports are seen stalling or substantially falling.."

News about

  • According to FXStreet on Friday, 23 February, "WTI prices edge higher as the EIA Crude Oil stockpiles report came in just below forecasts and the geopolitical tensions in the Middle East remain uncertain. "
  • WTI rallies, en route to $79.00 after EIA crude oil inventories slightly miss forecasts. According to FXStreet on Thursday, 22 February, "US Crude Oil rallied over 2% bottom-to-top on Thursday, lifting from above the $77.00 handle to clear $78.00, and WTI is poised to reclaim $79.00. ", "The below-forecast barrel count sent prices higher as barrel traders shrug off the previous EIA barrel counts, as well as the American Petroleum Insititute’s (API) Weekly Crude Oil Stocks count of 7.168 million released on Wednesday."
  • According to FXStreet on Friday, 23 February, "Meanwhile, the Energy Information Administration reported on Thursday that US Crude Oil inventory rose by 3.514 million barrels for the week to February 16, down sharply from a sizeable build of 12 million barrels previously. ", "Even from a technical perspective, Crude Oil prices have been oscillating in a familiar trading range over the past week or so. "

More news about Natural Gas (NG).

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