CFD News

Natural Gas Futures: Potential bounce on the cards

Business growth concept by using AI robot and machine learning technology to analyze data and give advice on future business investment planning . 3D rendering illustration .

In mild of superior figures from CME Group for herbal gasoline futures markets, open activity reversed two every day builds in a row on Friday and diminished by means of round 4.2K contracts. In the equal line, extent dropped for the 2d consecutive day, this time via nearly 40K contracts.

Natural Gas nevertheless faces resistance round the 200-day SMA
Prices of herbal gasoline back-pedalled 4 periods in a row with positive aspects at the give up of final week towards the backdrop of diminishing open activity and volume. That said, the door now seems open to the continuation of the upside in the very close to time period and usually with the goal at the 200-day SMA, these days round $6.87 per MMBtu.


Related posts
CFD News

EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

EUR/USD retailers bide time earlier than the subsequent downswing kicks in. Daily horizontal guide…
Read more
CFD News

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

USD/INR bears are taking manage and are shifting into each day support. USD/INR should be in for a…
Read more
CFD News

Japan’s Top FX Diplomat Kanda: Sharp one-sided currency moves cannot be tolerated

Japan’s pinnacle forex diplomat Masato Kanda warned on Thursday, sharp one-sided foreign money…
Read more
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *