Natural Gas Futures: Further upside momentum could lose traction Gas Commodities Energy OpenInterest Futures
ness well in place for the time being. In the same line, volume dropped for the second consecutive session, now by around 104.7K contracts.extended the rebound on Friday. However, the move was against the backdrop of shrinking open interest and volume, suggesting that the ongoing bounce could be short-lived. So far, further upside should meet the next hurdle at a Fibo retracement of the December-February drop near the $3.20 mark peer MMBtu.
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