Natural Gas Futures: Potential rebound on the table
|CME Group’s advanced readings for Natural Gas futures markets showed open interest went up by almost 6K contracts on Tuesday, resuming the uptrend and leaving behind the previous drop. Volume, instead, shrunk by around 251.3K.
Natural Gas prices stay supported near $1,80/MMBtu
Tuesday’s positive performance of prices of Natural Gas was in tandem with rising open interest, leaving the door open for a probable rebound in the very near-term. That said, there is strong support in the $1,80 area per MMBtu for the time being.
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