- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Corrective pullback on the table
Natural Gas Futures: Corrective pullback on the table
In light of advanced figures from CME Group for natural gas futures markets, open interest dropped by around 14.6K contracts on Tuesday, reversing the previous daily build. Volume, in the meantime, rose by around 102.6K contracts after two consecutive daily retracements.
Natural Gas still targets $7.00 and beyond
The rally in natural gas remains well and sound. Tuesday’s advance, however, was on the back of diminishing open interest, leaving the door open to a probable corrective move in the very near term. This view appears reinforced by the current overbought conditions of the commodity.
© 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
