- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Extra upside seems unlikely
Natural Gas Futures: Extra upside seems unlikely
CME Group’s flash data for natural gas futures markets noted traders reduced their open interest positions for yet another session on Wednesday, this time by around 9.4K contracts. In the same line, volume shrank by around 167.1K contracts.
Natural Gas: Next resistance comes near $2.70
Natural gas prices extended the rebound on Wednesday against the backdrop of declining open interest and volume, hinting at the idea of a potential corrective move in the very near term. That said, bullish attempts are expected to falter around the June peaks near the $2.70 mark per MMBtu (June 20).
© 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
