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Natural Gas Futures Bullish Momentum With A 16% Rise In The Last 21 Sessions

ViaNews Editorial Team

October 9, 2024

Natural Gas Futures Bullish Momentum With A 16% Rise In The Last 21 Sessions
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(VIANEWS) - Natural Gas (NG) has been up by 16.07% for the last 21 sessions. At 17:51 EST on Wednesday, 9 October, Natural Gas (NG) is $2.64.

Volume

Today's last reported volume for Natural Gas is 154729, 99.99% below its average volume of 3029727041.93.

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 faces profit-taking after Israel’s response remains muted. According to FXStreet on Tuesday, 8 October, "At the time of writing, Crude Oil (WTI) trades at $75.03 and Brent Crude at $79.05"
  • Crude oil rallies after biden administration says no to bombing iranian oil fields. According to FXStreet on Monday, 7 October, "At the time of writing, Crude Oil (WTI) trades at $75.78 and Brent Crude at $79.53.", "The current Crude Oil price level, with the red descending trendline and the 100-day Simple Moving Average (SMA) in the chart below at $75.74 just hovering above it, makes that region very difficult to break through. "

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.