Natural Gas Futures: Upside looks limited

Pablo Piovano FXStreet

Advanced readings for Natural Gas futures markets from CME Group noted open interest extended the erratic performance on Wednesday and shrunk by around 2.6K contracts. Volume, instead, increased by 157.7K contracts, partially fading the previous pullback.

Natural Gas: Further upside not ruled out

Natural Gas prices regained the $2.00 mark and beyond per MMBtu on Wednesday, advancing more than 15% on the back of prospects for higher demand coupled with disruption fears following the Tropical Storm Beta. That said, extra gains remains on the cards although shrinking open interest could leave the topside somewhat limited in the short-term horizon.

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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