CME Group’s advanced figures for natural gas futures markets showed open interest resumed the upside and rose by around 10.2K contracts on Friday. In the same line, volume went up by around 63.3K contracts following two daily drops in a row.
Natural Gas now looks to $3.15
Friday’s positive price action in natural gas was on the back of rising open interest and volume, all indicative that further recovery looks well on the cards and with the immediate target at recent tops in the $3.15 mark per MMBtu.
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