Natural Gas Futures: Upside remains well and sound

In light of advanced prints from CME Group for natural gas futures markets, investors added nearly 14K contracts to their open interest positions on Tuesday. In the same direction, volume rose by more than 48K contracts, reaching the second build in a row.

Natural Gas now targets… the moon!

Natural Gas prices finally closed (well) above the $6.00 mark on Tuesday. The move higher was accompanied by rising open interest and volume, opening the door at the same to the continuation of the uptrend in the very near term. Against this, the next target of note comes at the $6.685 level, the highest level in December 2008.