Natural Gas Futures: Extra losses on the table

Pablo Piovano FXStreet

Open interest in Natural Gas futures markets reversed five drops in a row on Friday and increased by around 7.1K contracts in light of advanced figures from CME Group. On the other hand, volume shrunk sharply by around 102.6K contracts following two straight builds.

Natural Gas re-targets the $3.00 mark

Friday’s negative performance in Natural Gas prices was amidst increasing open interest. That said, further decline remains on the cards in the short-term horizon with the immediate target at the 55-day SMA around $2.70 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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