Natural Gas Futures: Further consolidation likely

Considering advanced prints from CME Group for natural gas futures markets, open interest rose by around 3.6K contracts on Tuesday. Volume, instead, shrank by around 164.7K contracts after two consecutive daily builds.

Natural Gas remains supported around $2.50

Tuesday’s uptick in prices of the natural gas was accompanied by rising open interest and a marked drop in volume. Against that, the commodity could embark on a consolidative phase at the time when appears supported by the $2.50 region per MMbtu.