Open interest in natural gas futures markets dropped by around 8.8K contracts after two daily gains in a row on Tuesday, as per preliminary readings from CME Group. On the flip side, volume added to the previous build and went up by around 88.6K contracts.

Natural Gas: The $10.00 mark is around the corner

Prices of natural gas briefly surpassed the $9.50 mark per MMBtu on Tuesday, or new 2022 highs, before ending the session slightly in the negative ground. The move, however, was on the back of diminishing open interest, which is indicative that further losses do not appear on the cards for the time being. Next stop for bulls remains at the psychological $10.00 mark.