Natural Gas Futures: Probable correction near term By pabspiovano Gas Commodities Energy OpenInterest Futures
ay, this time by around 10.6K contracts. In the same line, volume rose for the second straight session, now by around 6.4K contracts.rose to fresh 2022 highs near $6.40 on Wednesday, although it later faded that spike and ended the session with modest losses. The move was amidst rising open interest and volume, indicative of further downside in the very near term. The latter is reinforced by the overbought conditions of the commodity, as per the daily RSI above 74.
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