Natural Gas Futures: Further losses favoured in the short term Gas Commodities Energy OpenInterest Futures
und 28.5K contracts, the largest single day advance so far this year. Volume, in the meantime, remained choppy and increased by nearly 110K contracts.extended the bearish start of the week into Tuesday’s session. The negative price action was in tandem with rising open interest and volume and suggests that further retracement seems on the table in the very near term. Against that, the immediate support emerges at the $2.00 mark per MMBtu.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Futures: Further consolidation on the cardsCME Group’s flash data for gold futures markets noted traders added around 6.1K contracts to their open interest positions on Monday. Volume, instead,
Weiterlesen »
Gold Futures: Door open to further recoveryCME Group’s flash data for gold futures markets noted traders increased their open interest positions for the third session in a row on Wednesday, thi
Weiterlesen »
Biden quietly backs behemoth natural gas project despite pleas from climate activistsThe Department of Energy formalized a decision green-lighting a massive natural gas project in Alaska on Monday that could lead to massive exports to Asia.
Weiterlesen »
Natural Gas Price Analysis: XNG/USD drops to $2.37 within nearby descending triangleNatural Gas Price (XNG/USD) holds lower grounds near $2.37 during the early hours of Tuesday, after posting the first daily loss in three the previous
Weiterlesen »
Builders push back on Encinitas' ban on natural gas -ENCINITAS (KUSI) – The City of Encinitas banned natural gas piping in new construction in both residential and commercial buildings. This was the first ban of its kind in San Diego County. Last month, a similar ban in Berkeley was thrown out by the Ninth Circuit Court of Appeals. Now, builders are pushing back against the City of Encinitas’ ordinance. KUSI’s...
Weiterlesen »
New York poised to pass first statewide law banning natural gas in new buildingsThe law banning fossil fuel combustion would likely take effect in 2026 for most new buildings under seven stories and in 2029 for larger buildings.
Weiterlesen »