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.