Natural Gas Futures: Extra gains appears not favoured

Pablo Piovano FXStreet

Considering advanced figures from CME Group for natural gas futures markets, open interest dropped for the fourth consecutive session on Thursday, now by around 11.3K contracts. Volume followed suit and resumed the downtrend, now declining by around 82.3K contracts.

Natural Gas: Further consolidation in store

Thursday’s small uptick in prices of natural gas was accompanied by further decline in open interest and volume, leaving the prospects for extra gains curtailed for the time being. So far, the commodity is expected to maintain the current consolidation theme well in place in the short-term horizon.

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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