Natural Gas Futures: No changes to the range bound mood

Pablo Piovano FXStreet

Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the third straight session on Thursday, now by around 3.6K contracts. Volume, on the other hand, dropped by nearly 50K contracts after four daily builds in a row.

Natural Gas: Immediately to the downside emerges $2.00

On Thursday, natural gas prices fell even lower. The move was prompted by growing open interest and dropping volume, which maintains the current broad consolidative theme for the time being. Meanwhile, the important $2.00 mark per MMBtu has been a significant support for the commodity thus far.

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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