Natural Gas Futures: Upside appears capped

CME Group’s advanced prints for Natural Gas futures markets showed open interest extended the erratic performance and went down by around 5.1K contracts on Tuesday. Volume, in the same line, shrunk by nearly 111K contracts, offsetting the previous build.

Natural Gas: Correction in the offing?

Tuesday’s positive performance in Natural Gas prices was in tandem with declining open interest and volume, leaving the door open to a potential correction lower in the short-term horizon. That said, monthly lows below the $2.25 mark per MMBtu emerge as the next contention area in the near-term.