Considering preliminary readings from CME Group for natural gas futures markets, open interest extended the downtrend on Thursday, this time by around 11.3K contracts. Volume, on the other hand, remained erratic and increased by around 145.3K contracts. Natural Gas seems ready for a bounce Prices of natural gas lost further ground on Thursday and dropped … Read more
Considering advanced prints from CME Group for crude oil futures markets, traders reduced their open interest positions by around 6.7K contracts on Wednesday, extending further the downtrend in place since June 7. Volume, instead, increased by around 113.2K contracts and partially reversed the previous pullback. WTI: The $100 mark should hold the downside Prices of … Read more
Global traders take a breather after Fed-inspired volatility recedes amid a lack of major data/events. S&P 500 Futures defend the latest gains in hopes of overcoming the inflation/growth fears. US Treasury yields fail to stretch post-Fed declines as traders eye more central banks to join the hawkish line. Market sentiment dwindles during early Thursday, after … Read more
Considering advanced prints from CME Group for natural gas futures markets, open interest dropped for the second straight session on Thursday, now by around 86.3K contracts. Volume, instead, rose for the second session in a row, this time by around 168.7K contracts. Natural Gas remains focused on $10.00 Prices of the MMBtu of natural gas … Read more