Natural Gas Futures: Still scope for further gains
|Considering advanced prints from CME Group for natural gas futures markets, open interest reversed four consecutive daily pullbacks and went up by just 703 contracts on Tuesday. On the flip side, volume shrank by nearly 40K contracts, offsetting Monday’s build.
Natural Gas approaches the $9.00 mark
Prices of natural gas extended the rebound for yet another session on Tuesday amidst a small uptick in open interest, paving the way for another visit to the 2022 high around the $9.00 mark per MMBtu (May 6).
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