Natural Gas Futures: Extra gains on the table

Pablo Piovano FXStreet

Open interest in natural gas futures markets rose for the third session in a row on Wednesday, now by around 13.2K contracts considering advanced prints from CME Group. Volume followed suit and added to the previous build, this time by nearly 77K contracts.

Natural Gas could revisit the $5.00 mark

Prices of natural gas extended the upside for yet another session on Wednesday. The leg higher was in tandem with increasing open interest and volume, leaving the door open for the continuation of the uptrend in the very near term and with the next target at the $5.00 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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