(VIANEWS) – Natural Gas (NG) has been up by 5.59% for the last 10 sessions. At 17:51 EST on Thursday, 8 August, Natural Gas (NG) is $2.15.
Volume
Today’s last reported volume for Natural Gas is 192336, 99.99% below its average volume of 3150556842.79.
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 Tuesday, 6 August, "Some follow-through selling below the $71.00 mark will reaffirm the negative bias and make Crude Oil prices vulnerable to accelerate the fall towards intermediate support near mid-$70.00s en route to the $70.00 psychological mark. ", "Concerns about an economic downturn in the US and China - the world’s two largest economies - continue to act as a headwind for Crude Oil prices. "
- According to FXStreet on Tuesday, 6 August, "This, in turn, is holding back traders from placing aggressive bullish bets around Crude Oil prices and keeping a lid on any meaningful appreciating move.", "In the absence of any relevant US economic releases on Tuesday, fresh geopolitical developments surrounding the ongoing conflicts in the Middle East will continue to influence Crude Oil prices. "
- Crude oil unable to find a bid as WTI languishes below $73. According to FXStreet on Tuesday, 6 August, "Still, the figure looks set to end a multi-week run of sharp declines in US Crude Oil supplies after last week showed a -4.495 million barrel contraction. ", "Despite the significant uptick in geopolitical tensions, Crude Oil markets are having a difficult time finding the bidding pedal, and barrel prices remain subdued."
- According to FXStreet on Wednesday, 7 August, "The American Petroleum Institute (API) reported an increase of 0.18 million barrels in the Weekly Crude Oil Stock for the week ending August 2, falling short of the expected 0.85 million barrels. ", "Additionally, the US Energy Information Administration is set to release its Crude Oil Stocks Change report later in the North American session."
More news about Natural Gas (NG).
