Natural Gas Futures: Correction appears temporary

In light of advanced prints from CME Group for natural gas futures markets, open interest reversed three consecutive daily builds and went down by just 784 contracts on Monday. Volume, too, shrank by around 163.7K contracts, adding to the previous day’s drop.

Natural Gas still points to extra gains

Prices of the natural gas charted new highs beyond the $4.50 mark, although ended Monday’s session with moderate losses. The downtick was amidst declining open interest and volume, leaving the prospect of further upside somewhat diminished.