Natural Gas Futures: Room for further losses
|Open interest in natural gas futures markets rose for the second session in a row on Wednesday, now by around 11.8K contracts according to preliminary readings from CME Group. In the same line, volume extended the uptrend and increased by nearly 13K contracts.
Natural Gas remains well supported by $2.00
Prices of natural gas retreated modestly on Wednesday amidst the uptick in open interest and volume. Against that, another decline remains on the cards in the very near term, although a deeper pullback is expected to meet a formidable barrier around the $2.00 mark per MMBtu.
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.