Natural Gas Futures: Rebound appears overdue

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

Lack of direction looks likely near term

Open interest in natural gas futures markets extended the downtrend for yet another session on Wednesday, now by around 9.3K contracts. In the same direction, volume remained choppy and dropped markedly by nearly 134K contracts. Natural Gas looks supported around $6.50 Prices of natural gas charted another inconclusive session on Wednesday against the backdrop of … Read more