(VIANEWS) – Considering advanced prints from CME Group for natural gas futures markets, open interest reversed two consecutive daily drops and increased by around 5.5K contracts on Friday. In the same line, volume went up by nearly 105K contracts also following two daily pullbacks in a row.
According to FXStreet, prices of natural gas charted a strong advance on Friday against the backdrop of rising open interest and volume. That said, further upside now appears on the cards, with the next up barrier at the October high near the $7.20 mark per MMBtu (October 6).
Natural Gas (NG) has been up by 9.18% for the last 21 sessions. At 13:52 EST on Monday, 7 November, Natural Gas (NG) is $7.03.
Today’s last reported volume for Natural Gas is 114657, 99.99% below its average volume of 5964490543.16.
Natural Gas’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.94%, a negative 0.32%, and a positive 3.53%, respectively.
Natural Gas’s highest amplitude of average volatility was 7.25% (last week), 5.01% (last month), and 3.53% (last quarter), respectively.
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