Natural Gas Futures: Neutral/bullish near term
|CME Group’s flash data for natural gas futures markets noted open interest rose for the second session in a row, this time by nearly 10K contracts. On the other direction, volume reversed three daily pullbacks and shrank by around 193.1K contracts.
Natural gas now targets the YTD highs around $3.30
Natural gas prices charted an inconclusive session on Wednesday, closing the day with small gains amidst increasing open interest. That said, while some consolidation is likely in the short-term horizon, natural gas could still re-visit the so far 2021 peaks above the $3.30 mark per MMBtu (February 17).
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.