- July 9, 2020
- Posted by: Analysis Team
- Category: Forex News
CME Group’s advanced readings for Natural Gas futures markets showed open interest and volume shrunk by nearly 24.5K contracts and by around 40.1K contracts, respectively, on Wednesday.
Natural Gas still targets the $2,00 mark
The sharp rebound in prices of Natural Gas since late June lows appears to have met a tough barrier around $1,95 for the time being. Wednesday’s pullback seems logical in light of the recent and strong gains, although diminishing open interest and volume leave no room for a deeper retracement.