Natural Gas Futures: Further upside not favoured Gas Commodities Energy OpenInterest Futures
me by around 14.6K contracts. In the same direction, volume dropped by around 205.6K contracts, partially reversing the previous daily build.prices rose sharply during last week. Friday’s uptick, however, was in tandem with diminishing open interest and volume and is indicative that a near-term knee-jerk could be in the offing. In the meantime, the May highs around the $2.70 mark per MMBtu emerges as the immediate obstacle in case bulls push harder.
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