- June 26, 2020
- Posted by: Analysis Team
- Category: Forex News
Open interest in Natural Gas futures markets rose for the fifth consecutive session on Thursday, this time by nearly 5.7K contracts in light of flash figures from CME Group. Volume followed suit and went sharply by 256K contracts.
Natural Gas Prices: On the way to all-time lows
Prices of Natural Gas recorded fresh lows in the $1,53 area per MMBtu on Thursday, levels last seen in August 1995.
The persistent decline in prices was on the back of rising open interest and volume, leaving the door open to the continuation of the downtrend in the near-term.