Considering advanced prints from CME Group for natural gas futures markets, open interest shrank by nearly 6K contracts on Wednesday after four consecutive daily builds. On the other hand, volume rose for the third session in a row, this time by more than 8K contracts.
Natural Gas: Interim support emerges around $2.00
Prices of natural gas appear to have met some initial and so far decent support around the key $2.00 mark per MMBtu. Wednesday’s bounce, however, was accompanied by decreasing open interest, which hints at the idea that a convincing rebound is not favoured for the time being.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now