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Natural Gas Futures Bullish Momentum With A 13% Jump In The Last 21 Sessions

ViaNews Editorial Team

October 12, 2024

Natural Gas Futures Bullish Momentum With A 13% Jump In The Last 21 Sessions
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(VIANEWS) - Natural Gas (NG) has been up by 13.62% for the last 21 sessions. At 23:50 EST on Friday, 11 October, Natural Gas (NG) is $2.63.

Volume

Today's last reported volume for Natural Gas is 121746, 99.99% below its average volume of 3064122943.52.

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

  • Crude oil turns flat this week after Thursday’s recovery. According to FXStreet on Friday, 11 October, "At the time of writing, Crude Oil (WTI) trades at $74.74and Brent Crude at $78.59"
  • According to FXStreet on Thursday, 10 October, "The intraday uptick, however, lacks bullish conviction amid recovering Crude Oil prices, which tend to underpin the commodity-linked Loonie, and ahead of the latest US consumer inflation figures.", "This raises worries about supply disruptions from the Middle East, which, along with a spike in fuel demand on the back of a major storm in Florida, assists Crude Oil prices to build on the overnight bounce from a one-week low. "
  • Crude oil finds support after hurtful two-day price action. According to FXStreet on Thursday, 10 October, "At the time of writing, Crude Oil (WTI) trades at $73.60 and Brent Crude at $77.23"

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.