Natural Gas Futures: No Changes To The Consolidation Theme

Considering advanced prints from CME Group for natural gas futures markets, open interest rose further on Monday, this time by nearly 11K contracts. In the same direction, volume increased for the second session in a row, now by around 67.3K contracts.
 

Natural Gas: Support remains below the $2.00 mark

Prices of natural gas started the new trading week within the broad consolidative phase in place since mid-March. Monday’s price action was on the back of increasing open interest and volume and exposes further range bound for the time being. On the downside, the next support remains in the sub-$2.00 mark per MMBtu (February 22).


More By This Author:

Natural Gas Futures: Scope For Extra Gains
Crude Oil Futures: Scope For Extra Gains
EUR/USD Price Analysis: Further Gains Favored Beyond 1.0930

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
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with