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Natural Gas Futures Bullish Momentum With A 13% Jump In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 13.62% for the last 21 sessions. At 23:50 EST on Friday, 11 October, Natural Gas (NG) is $2.63.

Volume

Today’s last reported volume for Natural Gas is 121746, 99.99% below its average volume of 3064122943.52.

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

  • Crude oil turns flat this week after Thursday’s recovery. According to FXStreet on Friday, 11 October, "At the time of writing, Crude Oil (WTI) trades at $74.74and Brent Crude at $78.59"
  • According to FXStreet on Thursday, 10 October, "The intraday uptick, however, lacks bullish conviction amid recovering Crude Oil prices, which tend to underpin the commodity-linked Loonie, and ahead of the latest US consumer inflation figures.", "This raises worries about supply disruptions from the Middle East, which, along with a spike in fuel demand on the back of a major storm in Florida, assists Crude Oil prices to build on the overnight bounce from a one-week low. "
  • Crude oil finds support after hurtful two-day price action. According to FXStreet on Thursday, 10 October, "At the time of writing, Crude Oil (WTI) trades at $73.60 and Brent Crude at $77.23"

More news about Natural Gas (NG).

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