- Analytics
- News and Tools
- Market News
- Natural Gas Futures: A deeper drop looks likely
Natural Gas Futures: A deeper drop looks likely
Considering advanced prints from CME Group for natural gas futures markets, open interest reversed three daily pullbacks in a row and went up by around 3.2K contracts on Friday. Volume, instead, dropped by around 22.7K contracts after two consecutive daily builds.
Natural Gas: Next on the downside comes the 200-day SMA
Prices of the natural gas extended the leg lower at the end of last week in tandem with rising open interest. That said, extra losses remain well on the table and could now challenge the 200-day SMA at $6.45 per MMBtu in the near term.
© 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
