Natural Gas Futures: Near-term correction likely

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<p>CME Group’s flash data for natural gas futures markets noted traders scaled back their open interest positions for the second session in a row on Tuesday, this time by around 3.7K contracts. Volume, instead, went up for the second consecutive day, now by around 34.2K contracts.</p>
<h2>Natural Gas remains supported around the $2.50 zone</h2>
<p>Prices of <strong>natural gas</strong> maintained the optimism and climbed to multi-session highs past the $2.70 zone on Tuesday. The move, however, was on the back of shrinking open interest, which should remove some strength from the weekly rebound. In the meantime, the $2.50 region per MMBtu continues to hold the downside for the time being.</p>
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<br /><a href="https://www.fxstreet.com/news/natural-gas-futures-near-term-correction-likely-202307120716">Source link </a></p><p>The post <a href="https://forextraderhub.com/natural-gas-futures-near-term-correction-likely.html">Natural Gas Futures: Near-term correction likely</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>