Natural Gas Futures: Further rebound appears on the cards

CME Group’s advanced readings for Natural Gas futures markets noted open interest shrunk by around 19.4K contracts on Monday, reversing three builds in a row. Volume, instead, extended the choppy activity and rose by around 218.2K contracts.

Natural Gas met decent support near $1,80/MMBtu

Prices of the Natural Gas dropped to new 2-month lows in the $1,80 per MMBtu at the beginning of the week. The move was amidst diminishing open interest, leaving the scenario of further decline unfavoured at least in the veery near-term.