Natural Gas Futures: Gradual decline seems unchanged
…
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 resumed the uptrend and rose marginally by 349 contracts on Thursday, according to preliminary readings from CME Group. On the other hand, volume dropped for the second session in a row, this time by around 96.5K contracts.
Natural gas prices dropped for the second consecutive day on Thursday. The downtick was in tandem with a small increase in open interest, exposing the continuation of the multi-week retracement for the time being. That said, the next target of note still at the $2.00 region per MMBtu.
[/s2If]
Join Our Telegram Group
