Natural Gas Futures: Further upside likely

CME Group’s advanced prints for gas futures markets noted open interest went up for the fourth session during a row on Friday, this point by quite 34K contracts, the most important single-day build thus far this year. Volume followed suit and rose by around 196.3K contracts, clinching the second straight build.

Natural Gas in YTD highs
Prices of gas finally reached the world of yearly highs round the $3.30 mark per MMBtu. Friday’s uptick was in tandem with rising open interest and volume, leaving the door hospitable extra upside within the short-term horizon.
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