Natural Gas Futures: Potential for further losses

Considering advanced prints for natural gas futures markets from CME Group, open interest reversed four consecutive daily pullbacks and rose by around 1.5K contracts at the beginning of the week. Volume followed suit and went up by around 39.1K contracts after three daily drops in a row.

Natural Gas faces initial contention around $5.00

Prices of natural gas extended the downtrend on Friday amidst rising open interest and volume, leaving the door open to the continuation of the leg lower. That said, next contention comes at the $5.00 mark per MMBtu ahead of the $4.80 region.