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Natural Gas Futures Bullish Momentum With A 16% Rise In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 16.07% for the last 21 sessions. At 17:51 EST on Wednesday, 9 October, Natural Gas (NG) is $2.64.

Volume

Today’s last reported volume for Natural Gas is 154729, 99.99% below its average volume of 3029727041.93.

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 faces profit-taking after Israel’s response remains muted. According to FXStreet on Tuesday, 8 October, "At the time of writing, Crude Oil (WTI) trades at $75.03 and Brent Crude at $79.05"
  • Crude oil rallies after biden administration says no to bombing iranian oil fields. According to FXStreet on Monday, 7 October, "At the time of writing, Crude Oil (WTI) trades at $75.78 and Brent Crude at $79.53.", "The current Crude Oil price level, with the red descending trendline and the 100-day Simple Moving Average (SMA) in the chart below at $75.74 just hovering above it, makes that region very difficult to break through. "

More news about Natural Gas (NG).

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