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Natural Gas Futures Bearish By 18% In The Last 21 Sessions

ViaNews Editorial Team

December 11, 2023

Natural Gas Futures Bearish By 18% In The Last 21 Sessions
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(VIANEWS) - Natural Gas (NG) has been up by 18.73% for the last 21 sessions. At 01:50 EST on Monday, 11 December, Natural Gas (NG) is $2.55.

Volume

Today's last reported volume for Natural Gas is 154274, 99.99% below its average volume of 3883393230.99.

Volatility

Natural Gas's last week, last month's, and last quarter's current intraday variation average was a negative 3.37%, a negative 1.07%, and a positive 2.51%, respectively.

Natural Gas's highest amplitude of average volatility was 3.37% (last week), 2.41% (last month), and 2.51% (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

  • Crude oil sees a bounce on Friday, still set for another down week with WTI below $72. According to FXStreet on Friday, 8 December, "WTI Crude Oil daily candlesticks remain firmly capped by the 200-day Simple Moving Average (SMA) near $78.00, with the 50-day SMA accelerating into the downside at $80.00.", "Key OPEC members, headed up by Saudi Arabia, have aggressively pursued tighter production caps in order to keep Crude Oil prices bid. "

More news about Natural Gas (NG).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.