Natural Gas Futures: Weakness is not expected to last
|Considering advanced prints from CME Group for natural gas futures markets, traders trimmed their open interest positions by more than 4K contracts on Friday, reversing the previous daily build. On the other hand, volume increased for the third straight session, now by nearly 19K contracts.
Natural Gas remains limited by $10.00
Friday’s downtick in prices of natural gas was on the back of shrinking open interest, which leaves the prospects for further decline somewhat curtailed in the near term. In the meantime, the upside remains capped by the YTD peaks around the $10.00 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.