According to CME Group's flash statistics for the natural gas futures markets, open interest rose on Tuesday for the second straight session, rising by about 5.6K contracts. However, volume decreased for the second day in a row, this time by about 20K contracts.
Natural Gas is still unavailable at about $6.50.
The modest price increases for natural gas on Tuesday were supported by increased open interest and a noteworthy drop in volume, which may have kept the present consolidative theme firmly in place for the time being, always centered around the $6.50/MMBtu range.
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