Natural Gas Futures: Further consolidation in the pipeline
|In light of advanced readings for Natural Gas futures markets from CME Group, open interest rose for the third session in a row at the beginning of the week, this time by more than 16K contracts. Volume, instead, reversed two straight pullbacks and shrunk by around 102.4K contracts.
Natural Gas met support near $2.80/MMBtu
Prices of Natural Gas charted an inconclusive session on Monday, although the commodity met decent contention around the $2.80 per MMBtu. The doji-like session was in tandem with rising open interest, opening the door to further rangebound at least in the very near-term horizon.
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.