Natural Gas Futures: Extra losses in the pipeline

Open interest in Natural Gas futures prices rose by 8.6K contracts on Thursday in light of advanced figures from CME Group. In the same line, volume went up sharply by nearly 325.8K contracts.

Natural Gas risks further downside

Prices of Natural Gas plummeted below the key $2.00 mark per MMBtu against the backdrop of rising open interest and volume. That said, extra declines are on the cards and targets a break below the critical 200-day SMA, today at $1.940/MMBtu.