Friday, November 19, 2021 4:44 AM EST
In light of preliminary readings from CME Group for natural gas futures markets, open interest rose by just 717 contracts on Thursday, partially reversing the previous drop. On the flip side, volume reversed two daily builds in a row and dropped by around 80.5K contracts.
Natural Gas remains supported around $4.70
Natural gas prices charted an inconclusive session on Thursday amidst the continuation of the erratic performance in open interest. Against this, extra range bound seems likely in the very near term at least and always with firm contention around the $4.70 mark per MMBtu.
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.