Search ForexCrunch

Investors trimmed their open interest positions for the fourth consecutive session on Tuesday, now by nearly 20K contracts in light of preliminary readings from CME Group. Volume, instead, reversed two drops in a row and rose by almost 34K contracts.

 

Natural Gas points to further consolidation near-term

 

Tuesday’s uptick in prices of Natural Gas was amidst diminishing open interest, supporting the idea that extra gains appear limited and instead the commodity could move into a consolidative phase in the very near-term.

Expert score

5

Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.