- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Further decline in the pipeline
Natural Gas Futures: Further decline in the pipeline
Considering advanced prints from CME Group for natural gas futures markets, traders added around 16.3K contracts to their open interest positions following two daily drops in a row on Wednesday. On the other hand, volume dropped by around 143.5K contracts after two straight daily builds.
Natural Gas remains supported by the 200-day SMA
Wednesday’s leg lower in prices of natural gas was accompanied by increasing open interest, which favours the continuation of this trend at least in the very near term. In the meantime, the 200-day SMA at $4.36 per MMBtu is expected to hold the downside for the time being.
© 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
