(VIANEWS) – As summer heat increased concerns over tight supply later in 2018, natural gas futures rose to $4 per Million British Thermal Units (U.S.) for the first time since Dec 2018.
Bloomberg Quint reported August gas delivery rose to $4.001 per mmbtu, and was traded at $3.983 as of 1:51 p.m. This is the largest ever recorded premium, at 63.6 cents. It’s basically a wager on the supply of gas in March 2022 and April futures.
Natural Gas (NG=f) is currently on bullish momentum. At 16:04 EST on Thursday, 22 July, Natural Gas (NG=f) is at $4.00 and 1.01% up since the last session’s close.
Today’s last reported volume for Natural Gas is 96744, 100% below its average volume of 25245832528.23.
Natural Gas Range
About Natural Gas’s daily highs and lows, it’s 3.173% up from its trailing 24 hours low of $3.88 and 1.885% up from its trailing 24 hours high of $3.93.
Natural Gas’s last week, last month’s, and last quarter’s current volatility was 1.64%, 0.88%, and 1.41%, respectively.
Natural Gas’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.64% (last week), 1.51% (last month), and 1.41% (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 oversold (<=20).
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