Natural Gas Futures: Further upside remains in the pipeline

In light of advanced prints from CME Group for natural gas futures markets, open interest extended the uptrend for the sixth session in a row on Tuesday, now by more than 10K contracts. Volume followed suit and went up by around 21.6K contracts, partially reversing the previous daily drop.

Natural Gas finally surpasses the $6.00 mark

Prices of natural gas recorded fresh 2022 highs past the key $6.00 barrier on Tuesday. The move was accompanied by rising open interest and volume, which opens the door to extra gains in the very near term and with the next target at the $6.281 level (high October 27 2021).