Natural Gas Futures: Downtrend appears unabated
|Considering advanced figures from CME Group for natural gas futures markets, open interest rose for yet another session on Monday, this time by nearly 2K contracts. In the same line, volume resumed the uptrend and left behind the previous pullback, rising by around 45.8K contracts.
Natural Gas still targets the $2.45 region
Monday saw another negative performance of prices of the natural gas, extending further the recent breakdown of the key $3.00 mark. The move was on the back of increasing open interest and volume and is supportive of extra weakness in the very near term, always with the immediate target around the $2.45 mark per MMBtu.
Information on these pages 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.