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Natural Gas Futures Bearish Momentum With A 26% Slide In The Last 21 Sessions

ViaNews Editorial Team

February 1, 2024

Natural Gas Futures Bearish Momentum With A 26% Slide In The Last 21 Sessions
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(VIANEWS) - Natural Gas (NG) has been up by 26.15% for the last 21 sessions. At 01:50 EST on Thursday, 1 February, Natural Gas (NG) is $2.15.

Volume

Today's last reported volume for Natural Gas is 6121, 99.99% below its average volume of 3639051148.8.

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).

Previous days news about Natural Gas (NG)

  • Natural gas flirts with break below $2 as US ramps up gas rules. According to FXStreet on Tuesday, 30 January, "Should Natural Gas start trading further below $2, it will be just a matter of time before those actual pre-Covid levels will come into play between $1.53 and $1.96. "

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.