Natural Gas Futures: Further decline loses traction
|Open interest in natural gas futures markets dropped by nearly 22K contracts on Thursday, resuming the downtrend after the previous daily build considering advanced prints from CME Group. In the same direction, volume added to the erratic activity as of late and shrank by around 203.5K contracts.
Natural Gas returns from overbought levels
Prices of natural gas extended the correction from 2021 highs above the $5.60 mark amidst shrinking open interest and volume on Thursday. The commodity stays under pressure although a sustainable pullback does not seem likely for the time being.
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.