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Natural Gas Futures Bullish Momentum With A 22% Jump In The Last 21 Sessions

Natural Gas Futures Bullish Momentum With A 22% Jump In The Last 21 Sessions
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(VIANEWS) - Natural Gas (NG) has been up by 22.46% for the last 21 sessions. At 20:52 EST on Friday, 24 May, Natural Gas (NG) is $2.50.

Volume

Today's last reported volume for Natural Gas is 48907, 99.99% below its average volume of 3301494839.77.

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

  • According to FXStreet on Thursday, 23 May, "West Texas Intermediate (WTI) US Crude Oil is trading up over a percent at $78.01 on Thursday."
  • According to FXStreet on Thursday, 23 May, "USD/CAD had been trading significantly down for the day prior to the data on the back of a mixture of higher Crude Oil prices (CAD positive), positive risk appetite (CAD positive), better-than-expected Canadian Housing data and technical chart resistance. "
  • Crude oil backslides into the red on Thursday, WTI falls below $77 as diminishing rate cut hopes weigh. According to FXStreet on Thursday, 23 May, "API Crude Oil Stocks for the week ended May 17 rose 2.48 million barrels, well above the forecast -3.1 million drawdown and refilling most of the previous week's -3.104 million decline. ", "US Crude Oil production has once again threatened to outpace demand, leading to a fresh buildup in week-on-week barrel counts and renewing concerns that a US-led overhang of Crude Oil could push barrel prices paid even lower."
  • According to FXStreet on Friday, 24 May, "At the time of writing, Crude Oil (WTI) trades at $77.45and Brent Crude at $81.62"

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.