Natural Gas Futures: Extra range bound in store
|Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the second session in a row on Thursday, this time by around 4.6K contracts. In the opposite direction, volume went down for the second consecutive session, now by around 53.7K contracts.
Natural Gas remains propped up by the 200-day SMA
Natural gas prices traded on the defensive on Thursday amidst a volatile session and against the backdrop of rising open interest. That said, further consolidation still appears on the card, while the downside looks supported by the 200-day SMA near $6.50 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.