fxs_header_sponsor_anchor

News

Natural Gas Futures: Further upside not favoured

Considering advanced prints from CME Group for natural gas futures markets, open interest shrank by around 11.9K contracts after two consecutive daily pullbacks on Monday. In the same line, volume set aside the previous daily build and dropped by nearly 18K contracts.

Natural Gas: Solid support lines up around $2.00

Prices of the natural gas started the new trading week in a positive fashion. However, the daily uptick was amidst shrinking open interest and volume and this is indicative that the continuation of the rebound appears not favoured in the very near term. On the downside, there is still solid contention around the $2.00 region per MMBtu.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.