Natural Gas Futures Bullish By 8% In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 8.63% for the last 21 sessions. At 14:56 EST on Wednesday, 1 May, Natural Gas (NG) is $1.94.

Volume

Today’s last reported volume for Natural Gas is 119132, 99.99% below its average volume of 3402062055.78.

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 steady in the green above $2 despite bearish forces emerging. According to FXStreet on Monday, 29 April, "Adding to this, more supply is likely coming online as the US Freeport Liquified Natural Gas (LNG) plant overcomes some of its technical problems, which have weighed on production for the last few months."

News about

  • According to FXStreet on Monday, 29 April, "The hawkish outlook, meanwhile, remains supportive of the underlying bullish tone around the US Dollar (USD) and might continue to weigh on Crude Oil prices.", "This comes after Russia announced more export and production cuts earlier this year, which, along with little signs of de-escalation of tensions in the Middle East, keep supply risks in play and should help limit any meaningful downside for Crude Oil prices."
  • Crude oil slumps on risk aversion, WTI tests $81 per barrel. According to FXStreet on Tuesday, 30 April, "The American Petroleum Insitute (API) reported a week-on-week increase of 4.906 million barrels in US Crude Oil supplies as US production continues to outpace demand. ", "WTI has fallen back to a familiar supply zone near $81.00 as bullish momentum in US Crude Oil remains limited. "

More news about Natural Gas (NG).

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