Natural Gas Futures: Room for extra advance near term By pabspiovano Gas Commodities Energy OpenInterest Futures
contracts, the largest single-day build so far this year. Volume, in the same direction, increased sharply by around 282.6K contracts, reversing the previous day’s drop.rose nearly 15% on Wednesday to the vicinity of the $5.00 mark per MMBtu, levels last seen in late November. The sharp move was accompanied by higher open interest and volume, which is supportive of extra gains in the very near term. That said, the key $5.00 mark remains the next magnet for bulls in the very near term at least.
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