Considering advanced prints from CME Group for natural gas futures markets, open interest increased for the third consecutive session on Friday, this
time by around 4.7K contracts. Volume, instead, dropped for the second session in a row, this time by nearly 70K contracts. Natural Gas now looks to another test of $3.
00 Prices of natural gas continued to correct lower on Friday following recent multi-month tops near $3.50 . The downtick was on the back of increasing open interest and suggests that extra decline could be in store for the commodity in the very near term. Against that, another visit to the key $3.00 mark per MMBtu should not be ruled out for the time being.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Futures: Further gains on the cardsOpen interest in gold futures markets resumed the uptrend and went up by more than 6K contracts on Friday according to preliminary readings from CME G
Les mer »
Natural Gas Price Analysis: XNG/USD flirts with last week's swing low, below $3.4500Natural Gas price extends last week's retracement slide from a nine-month peak, around the $3.6350-$3.6400 area, and remains under some selling pressu
Les mer »
Crude Oil Futures: Corrective move in the offing?CME Group’s flash data for crude oil futures markets noted traders scaled back their open interest positions for the second session in a row on Monday
Les mer »
Stock futures are little changed to kick off a busy earnings week: Live updatesMarkets faced an uncertain week ahead as earnings season heats up and developments in the Israel-Hamas war left investors wary.
Les mer »
Stock futures rise slightly to kick off a busy earnings week: Live updatesMarkets faced an uncertain week ahead as earnings season heats up and developments in the Israel-Hamas war left investors wary.
Les mer »