Home Natural Gas Futures: Shrinking odds for extra decline
FXStreet News

Natural Gas Futures: Shrinking odds for extra decline

CME Group’s flash data for Natural Gas futures markets noted open interest went down by around 4.7K contracts on Thursday, reversing the previous small build. Volume, on the other hand, sharply reversed two consecutive pullbacks and rose by almost 324K contracts.

Natural Gas meets support near $2.50… for now

Thursday’s negative price action saw Natural Gas receding to multi-week low near the $2.50 per MMBtu, just to regain some traction soon afterwards. That said, diminishing open interest allows for a rebound in the very near-term while the $2.50 region should hold further selling impetus for the time being.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.