Natural Gas Futures: Scope for further upside
|According to advanced prints for natural gas futures markets from CME Group, open interest increased for yet another session on Tuesday, now by 824 contracts. Volume followed suit and went up markedly by 357K contracts.
Natural Gas now focuses on $3.40/MMBtu
Tuesday’s positive price action in natural gas was on the back of increasing open interest and volume, allowing for extra gains in the very bear-term. Against this, the 2020 highs near the $3.40 mark per MMBtu (October 30) now turns out as the next target of significance.
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.