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Natural Gas Futures: Rebound expected to persist
Considering advanced prints from CME Group for natural gas futures markets, open interest reversed the previous daily drop and increased by around 13.2K contracts on Friday. On the other hand, volume dropped for the second session in a row, now by around 38.5K contracts.
Natural Gas still looks to $8.00 and above
Prices of natural gas rebounded moderately on Friday amidst rising open interest, which should be indicative of the continuation of the ongoing bounce to, initially, the 2022 high past the $8.00 mark per MMBtu (April 18).
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