Natural Gas Futures: Door open to further upside

Pablo Piovano FXStreet

CME Group’s flash data for natural gas futures markets noted open interest reversed five consecutive daily drops and rose by around 11.1K contracts on Monday. Volume followed suit and rose by the second straight session, now by around 36.2K contracts.

Natural Gas appears supported around $9.00

Prices of natural gas started the week with decent gains supported by rising open interest and volume, which is indicative that the uptrend remains well in place for the time being. In the meantime, prices of the commodity appear so far well supported around the $9.00 mark per MMBtu.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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