Natural Gas Futures: Extra rangebound looks likely
|Traders trimmed their open interest positions in Natural Gas futures markets for the third straight session at the beginning of the week, this time by around 2K contracts. In the same direction, volume shrunk for the second consecutive session, now by around 76.1K contracts.
Natural Gas could attempt some consolidation
Prices of Natural Gas charted and inconclusive session on Monday amidst shrinking open interest and volume. The unclear direction in the commodity is poised to persist at least in the very near-term, supporting the emergence of some consolidation.
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.