Natural Gas Futures: Further upside looks unlikely
|CME Group’s advanced figures for Natural Gas futures markets noted open interest shrunk by almost 2K contracts on Monday following sixth consecutive builds. Volume, instead, extended the erratic performance and increased by around 250.4K contracts.
Natural Gas Prices: Strong resistance emerges near $1,90/MMBtu
Prices of Natural Gas rose sharply at the beginning of the week. The move, however, was amidst shrinking open interest, hinting at the idea that the continuation of the move up looks compromised for the time being.
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