Natural Gas Futures: A corrective decline appears in store

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

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Considering advanced prints from CME Group for natural gas futures markets, open interest shrank by nearly 3K contracts after four daily builds in a r

ow on Monday. On the flip side, volume increased by around 24.7K contracts amidst the ongoing erratic performance.extended the recovery on Monday. The daily uptick, however, was amidst shrinking open interest, which leaves the door open to some corrective move in the very near term. That said, the provisional 100-day SMA near the $2.50 mark per MMBtu initially emerges as a decent contention area for the time being.

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 LOANS

Loans Loans Latest News, Loans Loans Headlines

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

Indigenous tribes urge federal officials to deny loan request for Superior natural gas plantIndigenous tribes in Michigan, Minnesota and Wisconsin are asking federal officials to deny a utility's request for a loan to cover its share of a natural gas-fired power plant on the shores of Lake Superior.
Source: AP - 🏆 728. / 51 Read more »