Natural Gas Futures: Scope for extra losses

According to advanced prints for natural gas futures markets, open interest resumed the upside on Tuesday and rose by around 7.7K contracts, partially reversing the previous daily pullback. In the same direction, volume rose for the third straight session, now by around 134.4K contracts, the largest single-day build since October 25.

Natural Gas faces contention near $4.80/MMBtu

Prices of natural gas dropped for yet another session on Tuesday, breaking below the $5.00 mark per MMBtu with some conviction. The move lower was accompanied by increasing open interest and volume, leaving the door open to the continuation of the downtrend in prices and with the next target at the $4.80 mark per MMBtu.