|

Natural Gas Futures: Rally remains unabated

Considering preliminary figures from CME Group for natural gas futures markets, open interest rose by more than 1K contracts on Tuesday, while volume followed suit and rose for the second straight session, this time by around 91.2K contracts.

Natural Gas remains focused on $8.30

Prices of natural gas edged higher and clinched new 13-year highs past the $8.00 mark per MMBtu on Tuesday, although they closed below this level. The move was against the backdrop of increasing open interest and volume, allowing for the continuation of the uptrend in the very near term and with the next target at the $8.30 region, or September 2018 highs.

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
Share:

Editor's Picks

AUD/USD bounces off multi-month low, nears 0.6900

AUD/USD edges higher toward 0.6900 in the Asian session on Wednesday, recovering some of the previous day’s losses to its lowest level since March as the US Dollar stalls the hot US CPI-inspired rally amid hopes of a US-Iran peace deal. Meanwhile, hawkish comments from FOMC members have almost confirmed another December rate hike, which favors USD bulls and should cap the Aussie.

USD/JPY remains capped below 159.00 amid looming intervention risks

USD/JPY struggles to build on the previous day’s strong gains to a near one-month top as intervention risk supports the Japanese Yen while hopes of a US-Iran peace deal cap the safe-haven US Dollar. That keeps the pair's upside limited below 159.00, for now.

Gold puts the $4,000 mark to the test

Gold now accelerates its daily correction, challenging the key $4,000 mark per troy ounce on Wednesday. The precious metal’s continuation of the downward trend comes against the backdrop of a robust performance of the US Dollar, rising US Treasury yields across the board and rising bets of extra rate hikes by the Fed.

Pump.fun Price Forecast: PUMP rises despite subdued retail demand
Pump.fun (PUMP) gains momentum on Wednesday, trading at $0.0036. The meme coin launchpad native token is up over 2% on the day, after testing lows around $0.0035. More broadly, the technical picture remains bearish, with key indicators such as the Moving Average Convergence Divergence (MACD) stuck in negative territory.
Ten questions for China in 2027

2026 has been a year of slowing growth and increasing divergence within China's economy. We saw the gap between external and domestic demand, as well as between the new economy and the old economy, widen significantly. Here, we look ahead to the key questions facing China in 2027.

What the US CPI headline doesn’t tell you about inflation

Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.