Natural Gas Futures: Scope for further gains near term Gas Commodities Energy OpenInterest Futures
Monday. Volume, in the meantime, remained erratic and rose by around 20.5K contracts following the previous pullback.extended the recovery on Monday against the backdrop of rising open interest and volume, paving the way for the continuation of this trend in the very near term. That said, there is an immediate hurdle around the $2.50 region per MMBtu, although the commodity is largely anticipated to maintain the current multi-week consolidative phase for the time being.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Natural Gas Futures: No changes to the consolidation themeCME Group’s flash data for natural gas futures markets noted traders scaled back their open interest positions by around 2.6K contracts on Friday, rev
Read more »
Crude Oil Futures: Scope for extra gainsConsidering advanced prints from CME Group for crude oil futures markets, open interest rose for the fourth session in a row on Friday, this time by a
Read more »
Berkeley challenges appeals court ruling on natural-gas banBerkeley’s city attorney said the opinion was fundamentally flawed, erroneously broad and “in every way extraordinary.”
Read more »
Natural Gas Price Analysis: 50-SMA prods XNG/USD bulls around $2.35Natural Gas (XNG/USD) price remains mildly bid near $2.33 amid early Tuesday morning, up for the third consecutive day by the press time. In doing so,
Read more »
NO INJURIES: Natural gas tank explodes, goes flying in Channelview neighborhoodA serene afternoon in Houston's Channelview neighborhood took a harrowing turn when a massive explosion rocked the area, leaving a trail of destruction in its wake.
Read more »
Man OK after accidentally flying into air with natural gas tank, destroying Channelview homeThe tank landed 900 feet away into a neighbor's home, creating a crater in the roof and floor. Officials say they're amazed no one was hurt, including the man who flew into the air.
Read more »