Natural Gas Futures: A deeper retracement seems on the table

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Natural Gas Futures: A deeper retracement seems on the table – by pabspiovano Gas Commodities Energy OpenInterest Futures

7 contracts. In the same line, volume advanced for the fourth consecutive day, this time by around 31.1K contracts.extended the weekly corrective decline on Thursday. The negative price action was on the back of increasing open interest and volume and this is indicative that further losses appear in the pipeline in the very near term. So far, the $2.50 region per MMBtu still emerges as an initial decent contention for the commodity.

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