Natural Gas Futures: Rebound likely near term
Considering preliminary readings from CME Group for natural gas futures markets, open interest reversed three daily builds in a row and went down by around 1.2K contracts on Friday. In the same line, volume dropped for the third consecutive session, this time by around 26.5K contracts.
Natural Gas met support near $4.70
Friday’s decline in prices of natural gas met decent support around $4.70 per MMBtu. The move lower in prices of the commodity was accompanied by shrinking open interest and volume, allowing for a rebound in the very near term.
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.



















