Natural Gas Futures: No respite to the downside pressure
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
CME Group’s flash data for natural gas futures markets noted open interest reversed the previous daily drop and went up by around 4.3K contracts on Tuesday. On the opposite side, volume partially faded the previous daily build and shrank by around 91.6K contracts.
Natural Gas remains well under pressure. Tuesday’s decline was on the back of rising open interest and kept favouring the continuation of the downtrend in the very near term and with immediate support at the key $3.00 mark per MMBtu.
[/s2If]
Join Our Telegram Group
