For last week April lost $.291 and the summer strip lost $.247, while volume and open interest both declined. It is constructive technically when price, volume and open interest move in the same direction (see below).
Weekly Continuation with Volume and Open Interest
Total open interest declined another 12,562 contracts through 03/10 (open interest statistics lag one day) to just about exactly the same level as the week ending 02/11 which was the week that March gas traded its low before the big rally into expiration.
