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- Natural Gas Futures: Rally looks unabated short term
Natural Gas Futures: Rally looks unabated short term
According to preliminary readings from CME Group for natural gas futures markets, open interest rose for the second session in a row on Monday, now by around 14.1K contracts. In the same line, volume remained choppy and this time went up by around 105.1K contracts.
Natural Gas sets sail to $10.00
Prices of natural gas navigated the area of cycle peaks well north of the $9.00 mark amidst rising interest and volume, introducing a potential continuation of the uptrend to the psychological $10.00 mark per MMBtu sooner rather than later.
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