(VIANEWS) – CME Group preliminary data for natural gas futures market markets showed that open interest rose for the second consecutive session on Thursday by almost 12K contracts. Volume dropped by 37.5K contracts for the second day in a row.
FXStreet reports that Thursday’s price recovery for natural gas was supported by growing open interest. This supports the belief in a continuation of the upward trend in the near future. The next obstacle to relevance remains at $4.20 per MMBtu.
Natural Gas (NG) is currently on bearish momentum. At 05:04 EST on Friday, 30 July, Natural Gas (NG) is at $4.00 and 1.55% down since the last session’s close.
Today’s last reported volume for Natural Gas is 12853, 100% below its average volume of 24660033725.91.
Natural Gas Range
About Natural Gas’s daily highs and lows, it’s 1.757% up from its trailing 24 hours low of $3.93 and 2.465% down from its trailing 24 hours high of $4.10.
Natural Gas’s last week, last month’s, and last quarter’s current volatility was a negative 0.04%, a positive 0.45%, and a positive 1.42%, respectively.
Natural Gas’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.77% (last week), 1.46% (last month), and 1.42% (last quarter), respectively.
News about Crude Oil
WTI crude oil forecast: market bounces from major figure – 27 July 2021. According to DailyForex on Tuesday, 27 July, “The West Texas Intermediate Crude Oil market fell a bit during the trading session on Monday, reaching towards the $70 level. ”
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