- Analytics
- News and Tools
- Market News
- Natural Gas Futures: Further rebound seems unlikely
Natural Gas Futures: Further rebound seems unlikely
Considering advanced prints from CME Group for natural gas futures markets, open interest shrank for the second straight session on Tuesday, now by around 15.5K contracts. Volume, instead, added around 228.2K contracts to the previous daily build.
Natural Gas faces initial hurdle around $2.90
Tuesday’s strong bounce in prices of natural gas was accompanied by diminishing open interest, which hints at the idea that a sustained move higher seems not probable in the very near term. In the meantime, the $2.90 region per MMBtu emerges as an initial barrier prior to the more relevant $3.00 zone.
© 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
