4 Global Market Updates- 2 August, 2022

 

In this article, we have covered the highlights of global market news about the Natural Gas, Silver Price, Crude Oil and NZD/USD.
Natural Gas Futures: Possibility of Additional Gains

According to CME Group’s flash statistics for the natural gas futures markets, open interest increased on Monday for the second straight session, rising by around 3.1K contracts. Volume in the same line reversed three straight daily pullbacks and increased by 59K contracts.

Natural gas prices had a solid start to the week, closing with conviction above the $8.00 level amid rising open interest and activity. In contrast, additional recovery is expected very shortly. Thus natural gas continues to aim for its YTD high of $9.75 per MMBtu (July 26).

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