Natural Gas Futures Bullish By 8% In The Last 10 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 8.9% for the last 10 sessions. At 13:50 EST on Saturday, 2 March, Natural Gas (NG) is $1.84.

Volume

Today’s last reported volume for Natural Gas is 96476, 99.99% below its average volume of 3602623297.55.

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 edges closer to a four-day winning streak. According to FXStreet on Thursday, 29 February, "On the upside, Natural Gas is facing some pivotal technical levels to get back to. ", "Adding to that equation, more volume of Natural Gas from the US and Canada could quickly tip into an oversupplied market with more downside prices at hand."

News about

  • According to FXStreet on Thursday, 29 February, "Additionally, the EIA Crude Oil stockpiles came in weaker-than-expected, rising by 4.199 million barrels last week from 3.514 million barrels prior. "
  • According to FXStreet on Friday, 1 March, "West Texas Intermediate (WTI) US Crude Oil prices attract some buying near a technically significant 200-day Simple Moving Average (SMA) during the Asian session on Friday and for now, seem to have snapped a two-day losing streak. ", "Apart from this, signs of higher supplies keep a lid on any further gains for Crude Oil prices."
  • Crude oil monthly forecast: March 2024 – 29 February 2024. According to DailyForex on Thursday, 29 February, "The West Texas Intermediate Crude Oil market has been more of a "buy on the dip" market during the month of February, and as I write this article at the end of the month, it’s currently testing the 50-Week EMA. ", "As per usual, the Brent Crude Oil market, or the UK Oil market if you are using CFDs, is following right along with WTI Crude Oil. "

More news about Natural Gas (NG).

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