According to flash data from CME Group for Natural Gas futures markets, open interest dropped for the fourth consecutive session on Friday, this time by around 5.4K contracts. In the same line, volume reversed the previous build and went down by around 45K contracts.
Natural Gas: Door open for $1,70 and below
Prices of Natural Gas attempted a move higher on Friday, although it was amidst shrinking open interest and volume. That said, there is still scope for a deeper pullback to, initially, the mid-June lows in the $1,67 area per MMBtu.
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