- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Further weakness on the cards
Natural Gas Futures: Further weakness on the cards
Considering preliminary readings from CME Group for natural gas futures markets, open interest reversed a multi-session downtrend and went up by around 1.8K contracts on Friday. On the other hand, volume remained choppy and decreased by around 59.5K contracts.
Natural gas faces the next support near $6.40
Prices of natural gas ended Friday’s session in multi-week lows following fresh cycle peaks past $9.50 earlier in the month. The move was accompanied by increasing open interest, which is supportive of the continuation of the ongoing downtrend to, initially, the May’s low at $6.43 per MMBtu (May 10).
© 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
