Natural Gas Futures: Upside still has legs to go

Considering advanced prints from CME Group for natural gas futures markets, open interest extended the uptrend for the fourth consecutive session on Tuesday, now by around 4.3K contracts. On the other hand, volume remained choppy and shrank by nearly 26K contracts.

Natural Gas advances firmly to $9.00

Natural Gas extended the ongoing rebound and surpassed the $8.00 mark on Tuesday amidst rising open interest. Against that, the commodity could still revisit the 2022 peak around the $9.00 mark (May 6) per MMBtu in the short-term horizon.