Natural Gas Futures Bullish Momentum With A 31% Jump In The Last 21 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 31.95% for the last 21 sessions. At 05:56 EST on Friday, 24 May, Natural Gas (NG) is $2.70.


Today’s last reported volume for Natural Gas is 5668, 99.99% below its average volume of 3318408089.09.


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

  • According to FXStreet on Thursday, 23 May, "USD/CAD had been trading significantly down for the day prior to the data on the back of a mixture of higher Crude Oil prices (CAD positive), positive risk appetite (CAD positive), better-than-expected Canadian Housing data and technical chart resistance. "
  • Crude oil backslides into the red on Thursday, WTI falls below $77 as diminishing rate cut hopes weigh. According to FXStreet on Thursday, 23 May, "West Texas Intermediate (WTI) US Crude Oil slid to fresh lows on Thursday in a risk-off bid sparked by rate cut hopes drying up on the back of fresh concerns that services-side inflation will continue to run hotter than hoped. ", "EIA Crude Oil Stocks change also climbed over the same weekly period, adding 1.825 million barrels and snubbing the forecast -3.1 million drawdown. "
  • According to FXStreet on Wednesday, 22 May, "At the time of writing, Crude Oil (WTI) trades at $77.78and Brent Crude at $81.85."
  • Crude oil recedes further, WTI falls below $78 on rising supplies and cautious FOMC. According to FXStreet on Wednesday, 22 May, "According to the Energy Information Administration (EIA), US Crude Oil Stocks through the week ended May 17, climbing 1.825 million barrels, well above the median market forecast of a -3.1 million barrel decline. ", "The week-on-week EIA barrel count chewed through most of the previous week’s -2.508 million barrel drop, reigniting concerns that US Crude Oil production threatens to swamp demand."

More news about Natural Gas (NG).

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