Natural Gas Futures: Further decline well in place… for now

Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the third session in a row on Friday, this time by around 12.5K contracts. Volume followed suit and went up by around 60.2K contracts after three consecutive daily drops.

Natural Gas keeps targeting the $2.00 region

Friday’s decline in prices of the naturas gas was once again amidst rising open interest and volume, opening the door at the same time to the continuation of the current downtrend for the time being. Against that, the next contention of note is expected at the key $2.00 mark per MMBtu.