Natural Gas Futures: Downside appears limited

Considering advanced prints for natural gas futures markets from CME Group, open interest shrank for the third session in a row on Monday, now by nearly 11K contracts. On the other hand, volume clinched the second consecutive daily build and this time increased by around 21.8K contracts.

Natural Gas: The $7.50 region holds the downside so far

Prices of natural gas started the week on the defensive and added to the recent weakness amidst shrinking open interest, which is indicative that the downside looks contained for the time being. That said, there is quite decent contention in the $7.50 region per MMBtu in the very near term.