Natural Gas Futures: Price action remains vacillating
…
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)]
Open interest in natural gas futures markets rose by around 2.7K contracts following two consecutive daily pullbacks at the end of the week, noted advanced prints from CME Group. On the other hand, volume dropped for the thirds straight session, this time by around 41.3K contracts.
Monday’s indecision in prices of natural gas came on the back of rising open interest, which signals the likeliness of extra side-lined trading in the very near term. Against that, the $7.50 region per MMBtu is still expected to hold the downside for the time being.
[/s2If]
Join Our Telegram Group
