Natural Gas Futures: Extra gains appear on the cards
|CME Group’s advanced readings for natural gas futures markets noted open interest rose for the second session in a row on Friday, this time by around 2.9K contracts. On the other hand, volume retreated for the third consecutive session, this time by around 26.6K contracts.
Natural Gas still targets $3.00/MMBtu
Prices of natural gas closed on a positive note last Friday in tandem with rising open interest, which should be supportive of the continuation of the upside in the very near-term at least. Against this, the commodity still faces relevant resistance at the key $3.00 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.