Natural Gas Futures: Still scope for further gains

Pablo Piovano FXStreet

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).

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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