Natural Gas Futures: No changes to the range bound theme

Considering advanced prints from CME Group for natural gas futures markets, open interest remained choppy and increased my almost 7K contracts last Friday. Volume, on the other hand, dropped by nearly 41K contracts, partially reversing the previous daily build.

Natural Gas remains stuck within the multi-week range

Prices of natural gas reversed the previous daily pullback and printed modest gains at the end of last week. The move was on the back of rising open interest and declining volume, which leaves the current side-lined pattern well in place for the time being.