Natural Gas Futures: Further recovery looks favoured

Traders added just 954 contracts to their open interest positions on Monday, reversing two consecutive daily pullbacks considering advanced prints from CME Group. Volume, instead, went down for the second session in a row, now by nearly 40K contracts.

Next target now aligns at $4.00

Natural gas prices started the week on a firm tone amidst rising open interest, allowing for the continuation of the rebound from recent lows near $3.73 (August 19) to the next hurdle of note at the $4.00 mark per MMBtu.