- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Rebound seems likely near term
Natural Gas Futures: Rebound seems likely near term
Considering advanced prints from CME Group for natural gas futures markets, open interest shrank for the second consecutive session on Thursday, now by around 10.6K contracts. Volume, instead, set aside two daily drops in a row and increased by nearly 35K contracts.
Natural Gas remains capped by $3.00
Natural gas prices rose to multi-day highs on Thursday. The move was amidst diminishing open interest and ruled out a deeper retracement in the very near term. That said, the commodity could attempt a bounce in the very near term, although the $3.00 region per MMBtu continues to act as a strong resistance for the time being.
© 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
