Considering advanced prints from CME Group for natural gas futures markets, open interest rose by around 7.7K contracts at the end of last week, keepi
ng the choppy activity well in place for yet another session. Volume, on the other hand, shrank markedly by around 166.4K contracts against the backdrop of persistent choppiness,were accompanied by rising open interest, leaving the door open to the continuation of the recovery in the very near term at least. That said, bulls face an initial hurdle at the weekly high of $2.86 prior to the key resistance area around the $3.00 mark per MMBtu.
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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPINION: Don’t be fooled — Alaska needs to develop its natural gasStopping the Alaska LNG project wouldn’t mean even one drop less oil or one molecule less natural gas being burned. It would just be produced somewhere else.
Read more »
Natural Gas Price Analysis: XNG/USD sits near two-week high; technical setup favours bullsNatural Gas price builds on the goodish rebound from a multi-week low, around the $2.5760 area touched last Thursday and gains strong follow-through t
Read more »
2023 Wake Forest futures odds: Demon Deacons win totals and college football playoff oddsTake a look at Wake Forest futures and odds for the upcoming college football season.
Read more »
2023 College Basketball odds, predictions: Michigan State, best title futuresJohn Fanta has his eyes on a few under-the-radar national title-chasers entering this season. See who is believes is worth wagering on, including a long shot.
Read more »
Dow futures tick higher, Fed mulls further hikes By Investing.comDow futures tick higher, Fed mulls further hikes
Read more »
S&P 500 Futures, yields portray cautious optimism on China stimulus while preparing for US inflation, NFPThe risk appetite improves on early Monday as market players cheer China's stimulus while consolidating the previous weekly moves ahead of the top-tie
Read more »