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Natural Gas Futures: Further gains remain on the table
Considering preliminary readings from CME Group for natural gas futures markets, open interest reversed two daily pullbacks in a row and increased by around 2.7K contracts. Volume followed suit and rose by around 156.7K contracts, the largest single-day build since February 2.
Natural Gas: Next on the upside emerges the 2022 high
Tuesday’s moderate advance in prices of natural gas was in tandem with rising open interest and volume, opening the door to the continuation of the rebound to, initially, the YTD peak around $5.60 per MMBtu (February 2).
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