In gentle of flash information for Pure Fuel futures markets from CME Group, open curiosity decreased for the second session in a row on Thursday, this time by round 8.2K contracts. Quantity, as an alternative, resumed the uptrend and rose by round 64.2K contracts.
Pure Fuel stays supported round $2.40
Costs of Pure Fuel maintain flirting with the important thing 200-day SMA within the $2.50 area. Thursday’s drop in open curiosity coupled with the small uptick leaves additional upside considerably contained. On the draw back, the $2.40 mark per MMBtu emerges as a strong assist in the interim.