Open interest in gas futures markets increased for the fourth straight session on Wednesday, now by quite 7K contracts consistent with preliminary prints from CME Group. within the same line, volume extended the choppy performance and rose by around 97.3K contracts.
Natural Gas could re-test the $3.50 zone
Prices of gas extended the pessimism on Wednesday amidst rising open interest and volume. Against this, further retracements remain on the cards with subsequent target of note round the $3.50 mark per MMBtu.