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Natural Gas Futures Bearish By 3% In The Last 10 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 3.73% for the last 10 sessions. At 08:50 EST on Thursday, 27 June, Natural Gas (NG) is $2.71.

Volume

Today’s last reported volume for Natural Gas is 25137, 99.99% below its average volume of 3255043534.29.

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 Wednesday, 26 June, "The latter will influence the Fed’s future policy decision, which, in turn, will drive the USD demand in the near term and provide some meaningful impetus to Crude Oil prices."
  • Crude oil slips back on Tuesday, WTI falls to $80.50 after API reports another surprise buildup. According to FXStreet on Tuesday, 25 June, "The American Petroleum Institute (API) reported a week-on-week buildup of Weekly Crude Oil Stocks for the week ended June 21, chalking in a 900K barrel buildup compared to the expected drawdown of 3 million barrels, adding to the previous week’s buildup of 2.263 million barrels. ", "Near-term price action has halted a bullish advance, keeping WTI US Crude Oil prices pinned on the low side of a supply zone above $81.50. "
  • According to FXStreet on Wednesday, 26 June, "This, along with an uptick in Crude Oil prices, underpins the commodity-linked Loonie and might further contribute to capping the USD/CAD pair. "

More news about Natural Gas (NG).

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