CME Group’s flash knowledge for pure fuel futures markets famous open curiosity dropped for the primary time since December 27 on Tuesday, this time by round 5.2K contract. Then again, quantity added to the earlier every day construct and went up by round 10.5K contracts.
Pure Fuel: Additional losses possible beneath $3.00
The multi-week downtrend in costs of the pure fuel stays unchanged up to now. Tuesday’s small advance was on the again of shrinking open curiosity and curtails the probability of occasional bullish makes an attempt. On this, a breach of the important thing $3.00 per MMBtu ought to expose a deeper retracement in costs of the commodity within the close to time period.
