- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Extra decline in store near term
Natural Gas Futures: Extra decline in store near term
CME Group’s flash data for natural gas futures markets noted traders increased their open interest positions for the third consecutive session on Monday, now by around 10.6K contracts. On the other hand, volume went down for the third session in a row, now by around 37.3K contracts.
Natural Gas could slip back to $2.00
Prices of natural gas added to Friday’s losses at the beginning of the week. The negative price action was amidst increasing open interest and favours the continuation of the downtrend in the very near term. That said, the big magnet for bears remains at the $2.00 mark per MMBtu, or 2023 lows.
© 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
