Flash data from CME Group for Natural Gas futures markets noted open interest and volume extended the downtrend and shrunk by nearly 3.5K contracts and by around 73.5K contracts, respectively, on Thursday.

Natural Gas Price: Strong hurdle aligns at the $1,80 region

Thursday’s positive price action in Natural Gas came in tandem with shrinking open interest and volume, which adds to the view that further gains look limited for the time being. In this regard, recent weekly tops near $1,80 per MMBtu emerge as the next relevant hurdle.