• Natural Gas Futures: Further rebound looks likely

Market news

1 August 2022

Natural Gas Futures: Further rebound looks likely

Advanced prints from CME Group for natural gas futures markets saw open interest resume the uptrend and rise by around 4.5k contracts on Friday. Volume, instead, dropped for the third session in a row, this time by around 18.4K contracts.

Natural Gas: The 55-day SMA holds the downside

Friday’s decent gains in prices of natural gas was against the backdrop of rising open interest, which is indicative that extra rebound could be on the cards in the very near term. Further downside, in the meantime, is expected to meet contention around the 55-day SMA, today at $7.63 per MMBtu.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.