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Natural Gas Futures Bullish Momentum With A 3% Rise In The Last 5 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 3.79% for the last 5 sessions. At 11:52 EST on Sunday, 16 April, Natural Gas (NG) is $2.11.

Volume

Today’s last reported volume for Natural Gas is 165145, 99.99% below its average volume of 4914614427.6.

Volatility

Natural Gas’s last week, last month’s, and last quarter’s current intraday variation average was a positive 1.56%, a negative 1.14%, and a positive 5.01%, respectively.

Natural Gas’s highest amplitude of average volatility was 3.93% (last week), 3.93% (last month), and 5.01% (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 price analysis: xng/usd approaches $2.23 hurdle on bullish RSI divergence. According to FXStreet on Friday, 14 April, "That said, Natural Gas price printed higher lows in the last two weeks but the RSI conditions commensurate to these troughs remain contradicting as the RSI (14) line marks a lower low. ", "Even so, the $2.00 psychological magnet can challenge the Natural Gas bears before directing them to the July 2020 high of around $1.96."

News about

  • According to FXStreet on Friday, 14 April, "Apart from this, softer Crude Oil prices undermine the commodity-linked Loonie and act as a tailwind for the USD/CAD pair."
  • Crude oil forecast: continues to levitate at highs – 14 April 2023. According to DailyForex on Friday, 14 April, "At the end of the day, the West Texas Intermediate Crude Oil market did not move much during Thursday’s session, and Brent markets are hovering at the 200-Day EMA. "

More news about Natural Gas (NG).

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