Open interest in Natural Gas futures markets increased for the second session in a row on Thursday, this time by around 30.6K contracts. In the same direction, volume went up by around 45.7K contracts, prolonging the erratic performance seen as of late. Natural Gas Prices Forecast Thursday’s negative price action in Natural Gas in combination with rising open interest and volume hints at the likeliness than further downside is in store in the short-term horizon. Against this, there are rising bets of a potential visit to monthly lows in sub-$1.80 levels (May 13). If this area is cleared, then the mid-April lows in the $1.70 neighbourhood should emerge as the next support of relevance. On the upside, the 200-day SMA at $2.162 still caps the upside 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. View All Post By FX Street FXStreet News share Read Next USD/JPY: Extra consolidation remains the name of the game – UOB FX Street 3 years Open interest in Natural Gas futures markets increased for the second session in a row on Thursday, this time by around 30.6K contracts. In the same direction, volume went up by around 45.7K contracts, prolonging the erratic performance seen as of late. Natural Gas Prices Forecast Thursday’s negative price action in Natural Gas in combination with rising open interest and volume hints at the likeliness than further downside is in store in the short-term horizon. Against this, there are rising bets of a potential visit to monthly lows in sub-$1.80 levels (May 13). If this area is cleared, then the… 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.
