Natural Gas Futures: Scope for extra gains
|CME Group’s advanced figures for Natural Gas futures markets noted open interest reversed two consecutive daily pullbacks and increased by around 13.7K contracts on Monday. In the same line, volume rose sharply by around 265.3K contracts following three pullbacks in a row.
Natural Gas now looks to $2.00/MMBtu
The positive start of the week for Natural Gas prices was in tandem with increasing open interest and volume, opening the door for the continuation of the ongoing rebound to, initially, the key barrier at the $2,00 level 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.