In light of flash readings from CME Group for Natural Gas futures markets, open interest rose for the second consecutive session on Monday, this time by around 13.2K contracts. In the same direction, volume ticked higher by around 46.1K contracts.
Natural Gas faces initial hurdle at $2.80/MMBtu
Monday’s positive performance of Natural Gas was in tandem with increasing open interest and volume. Against this, further upside remains in the pipeline with the next target of relevance at recent tops in the $2.80 area per MMBtu (December 22/23).
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