- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Further gains not favoured
Natural Gas Futures: Further gains not favoured
Considering advanced prints from CME Group for natural gas futures markets, open interest dropped for the second straight session on Tuesday, this time by around 2.8K contracts. In the same line, volume went down markedly by around 167.5K contracts, the largest single-day pullback since late January.
Natural Gas remains capped by the 55-day SMA
Prices of the natural gas rose for the third session in a row on Tuesday. This move was on the back of declining open interest and volume and exposes a corrective decline in the very near term, all framed within the broader multi-week consolidation theme. On the upside, the 55-day SMA around $2.38 per MMBtu emerges as the immediate hurdle for occasional bullish intentions.
© 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
