- Analytics
- News and Tools
- Market News
- Natural Gas Futures: A deeper retracement remains in store
Natural Gas Futures: A deeper retracement remains in store
Considering advanced prints from CME Group for natural gas futures markets, open interest went up for the third session in a row on Friday, this time by around 3.5K contracts. In the same line, volume remained choppy and increased by more than 15K contracts.
Natural Gas: A drop below $4.00 seems likely
Prices of natural gas extended the sell-off for yet another session on Friday. The continuation of the downtrend was amidst rising open interest and volume and leaves the door open to extra decline in the short-term horizon. That said, the next contention of note is now seen at the February low around $3.87 mark per MMBtu.
© 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
