Natural Gas futures: Room for further rebound
|CME Group’s flash prints for Natural Gas futures markets noted open interest rose by just 811 contracts on Wednesday, extending the erratic performance. Volume, in the same line, went up for the third straight session, now by around 13.6K contracts.
Natural Gas: Next target is at 2020 highs around $2.74
Prices of Natural Gas managed to rebound from multi-day lows on Wednesday. The bounce was in tandem with rising open interest and volume, opening the door to further upside in the near-term. Against this, there is no relevant hurdles until the YTD peaks around $2,74 per MMBtu recorded in late August.
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.