- Analytics
- News and Tools
- Market News
- Natural Gas Futures: No respite to the sell-off…so far
Natural Gas Futures: No respite to the sell-off…so far
CME Group’s flash data for natural gas futures markets noted traders extended their uptrend in open interest and added around 25.7K contracts on Wednesday. In the same direction, volume rose for the third straight session, now by around 112.2K contracts.
Natural Gas: Next on the upside comes $2.00
Prices of the natural gas extended the steep multi-week decline for yet another session on Wednesday. The negative price action was accompanied by increasing open interest and volume, leaving the prospect for further decline well on the cards in the very near term. Of note, however, is that the current oversold condition of the commodity could spark a corrective bounce in the not-so-distant future. The next target of note for sellers emerges at the $2.00 mark per MMBtu, an area last traded back in late September 2020.
© 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
