Natural Gas Futures: Door open to further upside

In light of preliminary readings from CME Group for natural gas futures markets, open interest rose for the second session in a row on Wednesday, this time by around 13.4K contracts. Volume followed suit and rose by around 24K contracts, extending the choppy performance for yet another session.

Natural Gas now targets $6.00 and beyond

Prices of natural gas flirt with 2022 highs around $5.60 region so far this week. Wednesday’s gains were accompanied by increasing open interest and volume, all supportive of further gains in the very near term and with immediate barrier at the $6.00 mark per MMBtu.