Natural Gas Futures: Extra gains appear in the pipeline

According to advanced figures from CME Group for natural gas futures markets, open interest increased for the fourth session in a row on Friday, now by around 16.5K contracts. In the same line, volume increased by nearly 91K contracts, reaching the third consecutive daily build.

Natural Gas keeps targeting $6.00

Prices of natural gas extended the uptrend for yet another session on Friday against the backdrop of rising open interest and volume. That said, the commodity looks poised to extend the upside momentum in the very near term with the immediate target at the $6.00 mark per MMBtu.