Natural Gas Futures: Probable consolidation near term

In light of advanced prints for gas futures markets, open interest dropped for the third straight session on Friday, this point by around 3.5K contracts. within the same direction, volume went down by around 94.8K contracts, offsetting the previous build.

Natural Gas faces subsequent support at $3.15
Natural gas prices charted an inconclusive session on Friday amidst shrinking open interest and volume, leaving the door hospitable some consolidation within the short-term horizon. Further downside, within the meantime, is predicted to satisfy support round the $3.15 mark per MMBtu.

 

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