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Forex

Natural gas futures news: Additional losses look unlikely

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Natural gas futures news

Actually Natural gas futures news: according to preliminary data from CME Group, the open interest indicator for natural gas futures declined Tuesday after a two-day rise, this time by more than 2,000 contracts. At the same time, trading volumes rose for the second straight day, by about 7,700 contracts.

Natural gas gets support at $7.50

Natural gas prices declined markedly on Tuesday, although the move came amid declining open interest, which hints that a deeper correction is unlikely for now. For now, the $7.50 per MMBtu mark appears to be limiting the fall.


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