Natural Gas Futures: Extra gains appear capped

Pablo Piovano FXStreet

Considering advanced prints for natural gas futures markets, open interest shrank by around 15.8K contracts on Tuesday, reversing at the same time two consecutive daily builds. On the other hand, volume rose by around 7.3K contracts after four daily drops in a row.

Natural Gas: Some consolidation not ruled out

Natural gas prices charted an inconclusive session on Tuesday amidst shrinking open interest, leaving the prospect for further upside some curtailed at least in the very near term. In the meantime, there are no resistance levels of note until the 2022 high just past the $8.00 mark er MMBtu (April 18).

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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