Natural Gas Futures: Room for extra upside seen limited

CME Group’s flash data for Natural Gas futures markets noted open interest and volume shrunk by around 660 contracts and by more than 21K contracts, respectively, on Tuesday.

Natural Gas still faces a probable move to $1,67

Tuesday’s uptick in prices of Natural Gas was in tandem with shrinking open interest and volume, hinting at the likeliness that gains still remain capped and the door remain open for a decline to the $1,67 area.