Natural Gas Futures: Further rebound in store

According to advanced prints from CME Group for natural gas futures markets, open interest reversed two daily drops in a row and increased by around 2.7K contracts on Thursday. In the same line, volume added to the previous build and went up by around 38.7K contracts.

Natural Gas targets recent highs around $10.00

Prices of natural gas extended the rebound on Thursday amidst rising open interest and volume. Against that, further upside now looks likely while the next hurdle of note remains at the 2022 high around the $10.00 mark per MMBtu.