CME Group’s preliminary data for Natural Gas futures markets noted open interest reversed three consecutive daily pullbacks and increased by almost 18K contracts. On the other hand, volume receded for the second day in a row, now by around 125.6K contracts. Natural Gas Prices Forecast The continuation of the downtrend in prices of the MMBtu of the commodity looks supported by increasing open interest. That said, the next support of relevance emerges at the monthly lows in the sub-$1.80 region for the time being. Prices of Natural Gas are now flirting with the 55-day SMA in the $1.86 region amidst the broader bearish scenario. Further south emerges the monthly lows in the $1.80 zone ahead of late April lows around $1.70. The resumption of the upside is expected to face strong barrier in recent peaks around the $2.00 neighbourhood seconded by April’s tops near $2.10. 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. View All Post By FX Street FXStreet News share Read Next Forex Today: Can markets find a silver lining? Hong-Kong heightens Sino-US tensions, boosts dollar FX Street 2 years CME Group’s preliminary data for Natural Gas futures markets noted open interest reversed three consecutive daily pullbacks and increased by almost 18K contracts. On the other hand, volume receded for the second day in a row, now by around 125.6K contracts. Natural Gas Prices Forecast The continuation of the downtrend in prices of the MMBtu of the commodity looks supported by increasing open interest. That said, the next support of relevance emerges at the monthly lows in the sub-$1.80 region for the time being. Prices of Natural Gas are now flirting with the 55-day SMA in the $1.86 region amidst… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
