Natural Gas Futures Bearish By 4% In The Last 5 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 4.59% for the last 5 sessions. At 02:50 EST on Wednesday, 16 August, Natural Gas (NG) is $2.66.

Volume

Today’s last reported volume for Natural Gas is 3880, 99.99% below its average volume of 4272744832.91.

Volatility

Natural Gas’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.91%, a positive 0.53%, and a positive 2.80%, respectively.

Natural Gas’s highest amplitude of average volatility was 2.17% (last week), 2.41% (last month), and 2.80% (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 oversold (<=20).

Previous days news about Natural Gas (NG)

  • Natural gas price analysis: xng/usd rebound needs validation from $2.90 and US data. According to FXStreet on Tuesday, 15 August, "Even so, the upbeat RSI conditions, not overbought, join the looming bull cross on the MACD to keep the Natural Gas buyers hopeful within an ascending trend channel comprising multiple levels marked since late May, currently between $2.56 and $3.08.", "Meanwhile, the aforementioned fortnight-long rising support line and the 50-EMA, respectively near $2.84 and $2.81, limit the short-term downside of the Natural Gas Price. "

More news about Natural Gas (NG).

Leave a Reply

Your email address will not be published.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