Natural Gas Futures: Extra range bound on the cards

Considering advanced prints from CME Group for natural gas futures markets, open interest shrank for the second session in a row on Monday, this time by around 2.2K contracts. In the opposite direction, volume resumed the upside ad went up by around 28.5K contracts.
Natural Gas remains capped by $5.00
Prices of natural gas charted an inconclusive session after faltering once again at the $5.00 area on Monday. The move was in tandem with shrinking open interest and higher volume, opening the door to further side-line trading in the very near term and with the $5.00 mark per MMBtu still limiting the upside.
Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.


















