CME Group’s flash data for natural gas futures markets noted traders increased their open interest positions for the third day in a row on Thursday, now by around 4.7K contracts.
CME Group’s flash data for natural gas futures markets noted traders increased their open interest positions for the third day in a row on Thursday, now by around 4.7K contracts. In the same direction, volume, increased by nearly 45K contracts amids the persevering choppy activity.
Natural Gas: Upside remains limited around $3.00
Thursday’s uptick in prices of natural gas was accompanied by rising open interest and volume and is indicative the further gains could be in store for the commodity in the very near term. In the meantime, the $3.00 region per MMBtu remains an important obstacle for bulls’ aspirations.
Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Comments
Log in or sign up to join the conversation.