Wednesday, April 12, 2023 4:33 AM EST
Open interest in natural gas futures markets dropped for the third straight session on Tuesday, now by around 14.7K contracts. In addition, volume reversed two daily builds in a row and shrank by around 23.7K contracts.
Natural Gas: Further consolidation seems the name of the game
Prices of natural gas extended the weekly rebound on Tuesday. The uptick, however, was on the back of declining open interest and volume and suggests that a more serious recovery appears not favored for the time being, leaving the current consolidation range well unchanged.
More By This Author:
Natural Gas Futures: Extra Gains Seems Unlikely Natural Gas Futures: Room For Further Upside Natural Gas Futures: Extra Consolidation Looks Likely
Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...
more
Disclosure: 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.
less
How did you like this article? Let us know so we can better customize your reading experience.