Natural Gas Futures: Rebound could extend further

Advanced prints from CME Group for natural gas futures markets noted open interest increased for the first time after five consecutive daily builds, this time by around 13.8K contracts. On the other hand, volume dropped for the third session in a row, now by around 28.1K contracts.

Natural Gas: Next on the upside comes $8.00

Prices of natural gas rose for another session on Thursday against the backdrop of increasing open interest. That said, there seems to be room for the continuation of the leg higher in the very near term and with the next target at the $8.00 mark per MMBtu (high April 18).