- June 29, 2020
- Posted by: Analysis Team
- Category: Forex News
Open interest in Natural Gas futures markets rose for the sixth consecutive session on Friday, now by just 113 contracts according to advanced figures from CME Group. Volume, instead, resumed the downside and retreated by around 339.1K contracts.
Natural Gas Prices: Rebounds from record lows
Prices of Natural Gas recorded fresh lows in the $1,53 area per MMBtu on Thursday, levels last seen in August 1995. Friday’s bounce off those levels was amidst rising open interest, which should be supportive of a rebound in the short-term horizon. The next relevant hurdle is still some way up at around the $1,90 region.