Natural Gas Futures: Extra consolidation likely
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Considering advanced figures from CME Group for natural gas futures markets, open interest resumed the uptrend and went up by nearly 4K contracts on Tuesday. In the same direction, volume rose for the third session in a row, now by around 40.1K contracts.
Tuesday’s inconclusive price action in natural gas prices came along rising open interest and volume, which leaves practically unchanged the consolidation theme within $2.00-$2.50 per MMBtu in place since late March.
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