Natural Gas Futures: Near-term rebound in the pipeline

Pablo Piovano FXStreet

Considering advanced figures for natural gas futures markets, traders scaled back their open interest positions for the second session in a row on Thursday, this time by around 5.7K contracts. On the other hand, volume added to Wednesday’s build and rose by around 36.5J contracts.

Natural Gas: A drop to $3.60 is not ruled out

Thursday’s moderate pullback in prices of natural gas was in tandem with shrinking open interest, leaving the prospects for further downside somewhat diminished for the time being. The commodity, in the meantime, is expected to meet quite decent contention in the $3.60 area per MMBtu, or December 2021 lows.

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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