Open interest in natural gas futures markets decreased by 880 contracts on Monday as a result of the CME Group’s advanced prints. In contrast, volume reversed two consecutive daily declines and increased by approximately 42,300 contracts.
Natural Gas remains $2.00 higher.
The price of natural gas increased marginally at the start of the week. The increase was accompanied by a decline in open interest and an increase in volume, which should keep the present multi-week consolidation range intact for the time being. The $2.00 per MMBtu region has thus far maintained its resistance to the downside.
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