Natural Gas Futures: Near-term correction likely

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Natural Gas Futures: Near-term correction likely – by pabspiovano Gas Commodities Energy OpenInterest Futures

day, this time by around 3.7K contracts. Volume, instead, went up for the second consecutive day, now by around 34.2K contracts.maintained the optimism and climbed to multi-session highs past the $2.70 zone on Tuesday. The move, however, was on the back of shrinking open interest, which should remove some strength from the weekly rebound. In the meantime, the $2.50 region per MMBtu continues to hold the downside for the time being.

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