- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Downtrend appears unabated
Natural Gas Futures: Downtrend appears unabated
Considering advanced figures from CME Group for natural gas futures markets, open interest rose for yet another session on Monday, this time by nearly 2K contracts. In the same line, volume resumed the uptrend and left behind the previous pullback, rising by around 45.8K contracts.
Natural Gas still targets the $2.45 region
Monday saw another negative performance of prices of the natural gas, extending further the recent breakdown of the key $3.00 mark. The move was on the back of increasing open interest and volume and is supportive of extra weakness in the very near term, always with the immediate target around the $2.45 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
