Natural Gas Futures: Room for extra rebound

CME Group’s advanced data for Natural Gas futures markets noted open interest increased for the fourth consecutive session on Tuesday, now by around 4.2K contracts. Volume followed suit and increased by around 46.7K contracts, partially reversing the previous daily drop.

Natural Gas re-targets the $3.00 mark and above

Prices of Natural Gas edged higher on Tuesday amidst rising open interest and volume, leaving the scenario ripe for the extension of the ongoing recovery to, initially, the key $3.00 mark per MMBtu.