Natural Gas Futures: Extra gains now appear likely

Pablo Piovano FXStreet

CME Group’s flash readings for Natural Gas futures markets noted open interest and volume went down by around 3.5K contracts and nearly 28.5K contracts, respectively, on Wednesday.

Natural Gas now targets $1,80 and beyond

Wednesday’s negative price action around Natural Gas was in tandem with diminishing open interest and volume, leaving the prospects of further downside contained and therefore opening the door to the continuation of the rebound. That said, initial target now aligns at the $1,80 region.

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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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