In light of advanced prints from CME Group for natural gas futures markets, open interest increased for the first time since August 15, this time by a
Natural Gas risks further decline below $2.50retreated for the second session in a row and closed just below the key $2.50 mark on Wednesday. The daily decline came along rising open interest and allows for the continuation of the ongoing retracement in the very near term. Furthermore, a sustained drop below $2.50 should pave the way for extra pullbacks to, initially, the June low near $2.15 per MMBtu.
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