Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
ICE Endex TTF aggregate open interest at the end of April increased to the highest since November 2021 after a rising trend seen since late 2022.
- Open interest is now at 1.957m and just below the record levels seen during 2021 after seeing a significant drop to 0.886m amid the energy crisis in 2022.
- The increase has been supported by a drop in market volatility and prices throughout the winter months amid healthy supply, high gas storage and muted demand. Risks to LNG supply have however contributed to some support to futures prices in recent weeks.
- TTF second month implied volatility has fallen significantly from the highs seen in 2022 and 2023 and is holding just above the lowest since June 2021 at 62.1% today. Volatility however remains above pre crisis levels.
- TTF JUN 24 down 2.3% at 31.08€/MWh
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok