Natural Gas Futures: Door open to further decline

Considering advanced results from CME Group for natural gas futures markets, open interest climbed for the fourth session in a row on Tuesday, now by around 15.1K contracts. Volume, in the same direction, reversed two straight daily drops and increased by around 191.3K contracts.

Natural Gas: Further losses target the $3.50 region

Tuesday’s retracement in prices of the natural gas was accompanied by rising open interest and volume and is supportive of a deeper pullback in the very near term at least. Against that, the commodity could revisit the December 2021 low at $3.53 per MMBtu (December 30)