- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Scope for further upside
Natural Gas Futures: Scope for further upside
Considering advanced prints from CME Group for natural gas futures markets, open interest set aside four consecutive daily drops and went up by around 1.3K contracts on Tuesday. Volume rose for the second straight session, this time by nearly 15K contracts.
Natural Gas: Next hurdle comes at $2.40
Natural gas extended the weekly recovery on Tuesday against the backdrop of increasing open interest and volume, exposing the continuation of the move for the time being. That said, there is an initial hurdle at the monthly high near the $2.40 mark per MMBtu, an area reinforced by the 100-day SMA.
© 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
