(VIANEWS) - Natural Gas (NG) has been up by 8.22% for the last 10 sessions. At 16:50 EST on Wednesday, 27 December, Natural Gas (NG) is $2.62.
Volume
Today's last reported volume for Natural Gas is 3600, 99.99% below its average volume of 3774768692.64.
Volatility
Natural Gas's last week, last month's, and last quarter's current intraday variation average was a positive 1.05%, a negative 0.94%, and a positive 2.75%, respectively.
Natural Gas's highest amplitude of average volatility was 3.59% (last week), 2.93% (last month), and 2.75% (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 eases despite red sea tensions, WTI slips back towards $74.00. According to FXStreet on Wednesday, 27 December, "The API Weekly Crude Oil Stocks count last posted a 939K barrel increase last week while the EIA Crude Oil Stocks Change last showed a buildup of nearly three million barrels, and is forecast to print a -2.6 million barrels reduction for the week ended December 22.", "West Texas Intermediate (WTI) Crude Oil is easing back on Wednesday after last week's 2%-plus gain on the back of transportation cancellations through the Red Sea following attacks on cargo ships by Iran-backed Houthi rebels in Yemen."
- Crude oil forecast: continues to rally - 27 December 2023. According to DailyForex on Wednesday, 27 December, "However, a breach below this level could introduce a measure of uncertainty into the market, although at present, Brent seems to be mirroring the recovery pattern observed in WTI Crude Oil after a significant low."
- Crude oil forecast: shows vigor on Friday - 26 December 2023. According to DailyForex on Tuesday, 26 December, "The West Texas Intermediate Crude Oil market exhibited a modest rally on Friday, suggesting a possible push towards the pivotal $75 level. ", "The $75 level in WTI Crude Oil and the $80 level in Brent Crude represent key milestones to watch, with the presence of EMAs introducing further complexity. "
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