Natural Gas Futures: Potential for further upside
|Advanced prints from CME Group for natural gas futures markets noted traders added around 2.4K contracts to their open interest positions on Monday. Volume, instead, resumed the downtrend and shrank by around 124.6K contracts, revering the previous daily build.
Natural gas re-targets $4.00 and above
Monday’s positive session in natural gas prices was in tandem with rising open interest, which is supportive of potential further gains in the very near term. Against this, the $4.00 mark per MMBtu now emerges as the next target of significance.
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