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Natural Gas Futures Bearish By 8% In The Last 21 Sessions

ViaNews Editorial Team

February 25, 2023

Natural Gas Futures Bearish By 8% In The Last 21 Sessions
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(VIANEWS) - Natural Gas (NG) has been up by 8.91% for the last 21 sessions. At 16:54 EST on Saturday, 25 February, Natural Gas (NG) is $2.50.

Volume

Today's last reported volume for Natural Gas is 156625, 99.99% below its average volume of 5181962336.42.

Volatility

Natural Gas's last week, last month's, and last quarter's current intraday variation average was a negative 2.97%, a negative 2.51%, and a positive 5.42%, respectively.

Natural Gas's highest amplitude of average volatility was 4.54% (last week), 5.37% (last month), and 5.42% (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).

News about

  • According to FXStreet on Thursday, 23 February, "A goodish recovery in Crude Oil prices underpins the commodity-linked Loonie, which, in turn, is seen as a key factor weighing on the USD/CAD pair. "
  • WTI crude oil forecast: oil languishing in the same range - 23 February 2023. According to DailyForex on Thursday, 23 February, "On Wednesday's trading session, the West Texas Intermediate Crude Oil market experienced back and forth movement, remaining in the middle of a larger consolidation area. ", "In summary, the West Texas Intermediate Crude Oil market remains in a consolidation area, with $82 acting as significant resistance and $72 as significant support."

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.