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Natural gas futures jumped by 5%, the CBOE Volatility Index fallen below 11 first time since August 2015



Gas futures jumped in the expectations of decreasing the reserves while the CBOE Volatility Index fallen below the 16-months minimal level.



22.Dec.16 3:21 AM
By Anna Tuzova
Photo Toinnov.com

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Natural gas futures jumped by 5%, the CBOE Volatility Index fallen below 11 first time since August 2015
Natural gas futures has stopped falling on Wednesday, that has been going on for five market sessions, as investors expect reductions in USA reserves.

As at 13:45 GMT yesterday, January natural gas futures jumped by 18,1 cents, which is 5,5%, to a mark of $3,445 per a million BTUs. 

The market players suggest that weekly reserves data expected on Thursday will indicate a decrease within the range between 197 and 210 billion cubic feet in the week ended on 16th December.

If the projection checks out, it is the largest reduction of reserves in a week since the 2010.

The Chicago Board Option Exchange Index has fallen to its’ minimal level since the August 2015 of 10,93.

VIX fell from 23 several days before the unexpected Trumps’ election and declined from the maximum level of February 2016 which was 28, when S&P 500 crashed in the expectations of the global recession.

After the presidential election in the USA in the early November, the Dow Index gone up by 11% and closed at a record level for 17 market sessions in anticipation of financial incentives and the accelerating growth of the US economy.



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