Natural Gas Futures: Extra downside on the cards

Natural Gas could slip back to $2.25/MMBtu

Natural GasĀ prices extended the correction lower on Tuesday in tandem with increasing open interest, leaving the door open for the continuation of the downtrend, at least in the very short-term horizon. Against that, a move to the 200-day SMA in the $2.25 region per MMBtu should not be ruled out just yet.