Natural Gas Futures: Further gains look likely

In light of advanced prints for natural gas futures markets from CME Group, traders added just 184 contracts to their open interest positions on Wednesday, resuming the upside after Tuesday’s important pullback. Volume, instead, went down by around 89.3K contracts.

Natural Gas faces support around $3.80

Prices of natural gas attempted a rebound on Wednesday amidst rising open interest, which is supportive of further upside in the very near term. In the meantime, decent contention is still located around the $3.80 mark per MMBtu.