Natural Gas Futures: Extra gains seem likely

According to advanced prints from CME Group for natural gas futures markets, open interest increased for the third straight session on Thursday, now by around 3.5K contracts. Volume followed suit and rose by around 98.7K contracts.

Natural Gas: Green light to the $5.60 area

Prices of natural gas extended the rally well past the $5.00 mark per MMBtu on Thursday against the backdrop of increasing open interest and volume, paving the way for a potential test to the area of 2022 highs around the $5.60 region in the near term.