Considering advanced prints from CME Group for natural gas futures markets, open interest shrank for the second session in a row on Tuesday, this time
by around 2.5K contracts. On the other hand, volume added around 89.2K contracts to the previous daily build.prices extended the weekly recovery on Tuesday, flirting at the same time with the key 200-day SMA near the $2.90 region. The uptick was on the back of shrinking open interest and is indicative that a potential knee-jerk could be in the offing in the very near term. In the meantime, the $3.00 region per MMBtu remains a key resistance 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.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Natural Gas Futures: Rebound could be losing tractionIn light of advanced prints from CME Group for natural gas futures markets, open interest shrank by around 2.5K contracts after two consecutive daily
続きを読む »
ACCC predicts east coast gas surplus in 2024The Australian Competition and Consumer Commission (ACCC) has revealed that Australia’s east coast gas market should have a 1.4 petajoule (PJ) surplus in the first quarter of 2024, even if the liquefied natural gas (LNG) producers export all their uncontracted gas. In its interim gas inquiry report, the ACCC forecasts the supply and demand balance for the east coast market for wholesale gas between January and March next year, which is a period of high LNG export demand and reduced residential gas heating demand due to warmer weather.
続きを読む »
Natural Gas Price Analysis: XNG/USD bulls have the upper hand above 200-day SMANatural Gas price struggles to capitalize on the previous day's strong intraday rally from the $2.8520 area and oscillates in a narrow trading band du
続きを読む »
Natural Gas rally backs up towards $3 despite easing supply woesNatural Gas prices are ticking up this Tuesday in a weird counterintuitive move as headlines about easing supply issues would suggest a decline. US Na
続きを読む »
Federal investigators subpoena Pennsylvania agency for records related to chocolate plant explosionThe powerful natural gas explosion leveled one building, heavily damaged another and killed seven people.
続きを読む »