Natural Gas Futures: Door open to further upside

Considering advanced prints for gas futures markets, open interest rose for the fourth straight session on Tuesday, this point by around 22.5K contracts, the very best level since May17. Volume followed suit and went up by around 282K contracts after two daily drops during a row.

Natural Gas now targets the 2021 peaks above $3.30
Tuesday’s uptick in prices of gas was on the rear of rising both open interest and volume, paving the way for further gains within the very near-term. Against this, subsequent hurdle of note comes in at the YTD highs beyond the $3.30 mark per MMBtu (February 17).


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and will not in any way encounter as a recommendation to shop for or sell in these assets. you ought to do your own thorough research before making any investment decisions. FXStreet doesn’t in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also doesn’t guarantee that this information is of a timely nature. Investing in


Read Previous

AUD/USD moved into a 0.7700-0.7830 consolidation phase – UOB

Read Next

Silver Price Analysis: Challenges critical support after rejection above $28

Leave a Reply

Your email address will not be published. Required fields are marked *