Natural Gas Futures Bullish Momentum With A 4% Jump In The Last 5 Sessions

(VIANEWS) – Natural Gas (NG) has been up by 4.1% for the last 5 sessions. At 11:50 EST on Sunday, 31 March, Natural Gas (NG) is $1.75.

Volume

Today’s last reported volume for Natural Gas is 135278, 99.99% below its average volume of 3528061325.09.

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

  • According to FXStreet on Friday, 29 March, "For the week ending on March 22, the EIA Crude Oil Stocks Change reported an increase of 3.165 million barrels in stock, contrary to the expected decline of 1.275 million barrels and the previous decline of 1.952 million barrels."
  • Crude oil weekly forecast: another challenge to mid-term highs displayed – 31 March 2024. According to DailyForex on Sunday, 31 March, "Speculators should look at support levels and the notion that prices of WTI Crude Oil may be able to trader lower, but they may also simply reverse higher again as was displayed last week, and the beginning of the previous week when the 80.000 USD mark came into sight.", "S has incrementally gone higher; the increase in WTI Crude Oil prices the past three months is a reflection of this trend. "

More news about Natural Gas (NG).

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