Natural Gas Futures: A corrective move appears in store Gas Commodities Energy OpenInterest Futures
day, this time by around 14.1K contracts. In the same line, volume shrank for the second straight session, now by around 62.8K contracts.Tuesday’s bullish move in natural gas prices faltered just ahead of the $2.50 level, eventually ending the session with marginal gains. The price action was in tandem with declining open interest and volume and leaves the door open to some near-term correction. So far, the $2.50 zone per MMBtu remains a key resistance area.
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