Natural Gas Futures: Extra gains on the cards

Considering advanced prints from CME Group for natural gas futures markets, open interest increased for the second session in a row on Monday, now by nearly 2K contracts. Volume followed suit and added around 72.6K contracts to the previous build.

Natural Gas ready for further upside

Prices of natural gas started the week with a gap higher past the $4.00 mark per MMBtu. The move was in tandem with rising open interest and volume, indicative that the continuation of the rebound appears likely in the very near term. While above the 200-day SMA at $4.030, the outlook for the commodity is seen as constructive.