Natural Gas Futures: Potential for further upside

Pablo Piovano FXStreet

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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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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