Trading Patterns

Natural Gas Futures: Weakness is not expected to last

Blue Little Guy Characters Full Length Vector Art Illustration. Smiling businessman stands on a flying gold dollar sign currency and moves to the sky with upwards arrow symbol.

Considering superior prints from CME Group for herbal gasoline futures markets, merchants trimmed their open hobby positions by means of extra than 4K contracts on Friday, reversing the preceding day by day build. On the different hand, quantity accelerated for the 1/3 straight session, now by way of almost 19K contracts.

Natural Gas stays constrained through $10.00
Friday’s downtick in fees of herbal gasoline was once on the returned of shrinking open interest, which leaves the possibilities for similarly decline particularly curtailed in the close to term. In the meantime, the upside stays capped via the YTD peaks round the $10.00 mark per MMBtu.


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