- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Rebound in the offing
Natural Gas Futures: Rebound in the offing
According to flash data from CME Group for natural gas futures markets, open interest shrank for the fourth session in a row on Thursday, this time by nearly 8.5K contracts. Volume dropped as well, now by around 93.8K contracts amidst the erratic performance seen as of late.
Natural Gas appears supported around $3.80
Prices of natural gas retreated further on Thursday and closed below the $4.00 mark per MMBtu for the first time since January 21. The negative price action was accompanied by shrinking open interest and volume, leaving the door open to a probable bounce in the very near term. Against this, the $3.80 region still emerges as a decent contention.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
