Natural Gas Futures: Near-term rebound could be in the limelight

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Natural Gas Futures: Near-term rebound could be in the limelight
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Natural Gas Futures: Near-term rebound could be in the limelight Gas Commodities Energy OpenInterest Futures

time by nearly 1.7K contracts. On the other hand, volume remained erratic and went down by around 56.2K contracts.prices resumed the downside on Friday, although they seem to have met some contention around the $3.50 region per MMBtu. The small decline was amidst rising open interest, which is indicative that a deeper pullback could lie ahead. The sharp bounce in volume, however, could spark some bouts of strength in the very near term as well.

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