Natural Gas Futures: The continuation of the rebound appears under pressure

CME Group’s flash data for natural gas futures markets note open interest shrank by just 441 contracts on Thursday after three daily builds in a row. On the flip side, volume resumed the uptrend and rose by around 63.8K contracts.

Natural Gas looks to surpass $7.00 on a convincing fashion

Prices of natural gas briefly surpassed the $7.00 mark per MMBtu on Thursday, although they closed below that level with modest gains and amidst a small drop in open interest. That said, a probable corrective downside is in the offing and with the $6.50 region expected to offer decent support.