• Natural Gas Futures: Further consolidation likely

Market news

8 March 2023

Natural Gas Futures: Further consolidation likely

Considering advanced prints from CME Group for natural gas futures markets, open interest rose by around 3.6K contracts on Tuesday. Volume, instead, shrank by around 164.7K contracts after two consecutive daily builds.

Natural Gas remains supported around $2.50

Tuesday’s uptick in prices of the natural gas was accompanied by rising open interest and a marked drop in volume. Against that, the commodity could embark on a consolidative phase at the time when appears supported by the $2.50 region 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.