Natural Gas Futures: Bullish attempts look limited

In light of advanced prints from CME Group for Natural Gas futures markets, open. Interest dropped by around 1.7K contracts, reversing at the same time three consecutive daily builds. On the other hand, volume increased for the second session in a row, now by around 36.2K contracts.

Natural Gas remains capped by $2.70

Prices of Natural Gas edged higher on Thursday and reversed a couple of negative sessions. The recovery was amidst shrinking open interest and warns against the continuation of the uptrend, at least in the short-term horizon. In the meantime, the initial hurdle emerges at the $2.70 mark per MMBtu.