Natural Gas Futures: Room for further gains near term

Open interest in natural gas futures markets reversed the previous day’s pullback and rose by around 5.2K contracts on Friday, as per flash data from CME Group. Volume followed suit and went up by around 112.9K contracts.

Natural Gas targets $4.00 and above

Friday’s uptick in prices of natural gas was on the back of rising open interest and volume, leaving the door open for the continuation of the recovery and with the immediate target at the $4.00 mark per MMBtu.