Natural Gas Futures Prices: Downside seen limited

Pablo Piovano FXStreet

CME Group’s advanced readings for Natural Gas futures markets showed open interest and volume shrunk by nearly 24.5K contracts and by around 40.1K contracts, respectively, on Wednesday.

Natural Gas still targets the $2,00 mark

The sharp rebound in prices of Natural Gas since late June lows appears to have met a tough barrier around $1,95 for the time being. Wednesday’s pullback seems logical in light of the recent and strong gains, although diminishing open interest and volume leave no room for a deeper retracement.

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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