Open interest in natural gas futures markets dropped for the third straight session on Tuesday, now by around 14.7K contracts.
Open interest in natural gas futures markets dropped for the third straight session on Tuesday, now by around 14.7K contracts. In addition, volume reversed two daily builds in a row and shrank by around 23.7K contracts.
Natural Gas: Further consolidation seems the name of the game
Prices of natural gas extended the weekly rebound on Tuesday. The uptick, however, was on the back of declining open interest and volume and suggests that a more serious recovery appears not favored for the time being, leaving the current consolidation range well unchanged.
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