Natural Gas Futures: Room for further losses
|CME Group’s advanced figures for Natural Gas futures markets noted open interest reversed four consecutive daily pullbacks and rose by around 4.4K contracts on Monday. Volume, instead, shrunk for the second session in a row, this time by around 43.6K contracts.
Natural Gas prices could recede to the $1,67/MMBtu area
Prices of Natural Gas attempted a rebound on Monday. The move up was in tandem with rising open interest and shrinking volume, leaving the neutral/bearish stance unchanged at least in the short-term horizon.
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