TRENDING:

ECB interest rate

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Natural Gas Futures: A sustained drop appears not favoured

Pablo Piovano FXStreet

Considering advanced prints from CME Group for natural gas futures markets, open interest dropped for the third session in a row on Friday, now by around 1.4K contracts. In the same direction, volume resumed the downtrend and shrank by nearly 90K contracts.

Natural Gas: Interim contention emerges around $2.650

Prices of natural gas yielded no clear direction on Friday against the backdrop of dwindling open interest and volume. That said, the commodity could face some near-term consolidation while appears supported by the provisional 55-day SMA around the $2.650 region per MMBtu.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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Natural Gas: Interim contention emerges around $2.650

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