- October 8, 2020
- Posted by: Analysis Team
- Category: Forex News
CME Group’s advanced prints for Natural Gas futures noted open interest shrunk for the second session in a row on Wednesday, now by nearly 21K contracts. On the other hand, volume reversed the previous drop and rose by around 198.1K contracts.
NATURAL GAS REMAINS CAPPED BY $2.80/MMBTU
Wednesday’s positive performance of Natural Gas was amidst diminishing open interest, adding to the idea that further upside could lack of strength. In this regard, the 2020 highs around $2.80/MMBtu still emerges as the next target of relevance.