Natural Gas Futures: A deeper decline is not favoured

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Natural Gas Futures: A deeper decline is not favoured Gas Commodities Energy OpenInterest Futures

round 1.7K contracts. In the same line, volume dropped for the third consecutive day, this time by around 12.6K contracts.added to Wednesday’s retracement on Thursday. The bearish move was against the backdrop of diminishing open interest and volume and suggests a low probability of further decline in the very near term. So far, the commodity faces a decent contention around the $2.50 region 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Natural Gas Futures: A deeper drop looks not favouredOpen interest in natural gas futures markets remained choppy and shrank by just 805 contracts on Wednesday, according to preliminary readings from CME
Source: FXStreetNews - 🏆 14. / 72 Read more »

The EU will expand its liquefied natural gas import capacity as it weans off RussiaThe European Union will expand its liquefied natural gas import capacity by nearly a third as it weans off Russian energy supplies Is this part of the new green/ energy deal bill thing? Meanwhile, it continues to buy Russian LNG at scale...
Source: BusinessInsider - 🏆 729. / 51 Read more »