Note

Natural Gas Futures: Room for further rebound

· Views 37
Share:

Considering advanced prints from CME Group for natural gas futures, open interest extended the uptrend on Friday, this time rising by around 7.6K contracts. Volume, in the same line, went up by around 25.4K contracts after two daily drops in a row.

Natural Gas: No changes to the consolidative theme

Prices of the natural gas bounced off lows near the $2.00 mark per MMBtu against the backdrop of increasing open interest and volume on Friday. That said, further gains now emerge on the horizon in the very near term and are expected to meet interim resistance at the 55-day SMA near $2.32.

Natural Gas Futures: Room for further rebound

Share: Feed news

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.