Natural Gas Futures: Further decline in store

Considering advanced figures from CME Group for natural gas futures markets, open interest rose by around 8.7K contracts at the beginning of the week, while volume reversed three daily drops in a row and increased by around 31.5K contracts.

Natural Gas approaches the $2.00 mark

Prices of the natural gas started the week on the back foot amidst increasing open interest and volume. Against that, the door remains open for further retracement to, initially, the $2.00 mark per MMBtu just ahead of the 2023 low at $1.967 (February 22).