Natural Gas Futures: Outlook stays neutral/bearish

In light of advanced readings for Natural Gas futures markets from CME Group, open interest and volume rose by more than 18K contracts and by around 68.5K contracts, respectively, on Monday.

Natural Gas looks supported just below $2.25/MMBtu

Prices of Natural Gas traded without clear direction at the beginning of the week amidst increasing open interest and volume. That said, the scenario of further consolidation appears unchanged, at least in the near-term. Interim support, however, emerges below the $2.25 level, or monthly lows.