Natural Gas Futures: Room for extra gains

Open interest in natural gas futures markets reversed the previous drop and rose by around 4.7K contracts on Wednesday, in light of advanced figures from CME Group. Volume followed suit and rose by around 94.6K contracts, extending the erratic activity seen in past sessions.
Natural Gas still looks to $3.00/MMBtu
Wednesday’s upside in prices of natural gas was in tandem with increasing open interest and volume, exposing the continuation of the ongoing recovery in the very near-term. That said, the next hurdle of relevance still emerges at the $3.00 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.


















