Natural Gas Futures: The continuation of the rebound seems probable

Considering advanced figures from CME Group for natural gas futures markets, open interest increased for the second session in a row, this time by nearly 10K contracts. In the same line, volume rose for the third straight session, now by around 16.1K contracts.

Natural Gas remains supported near $6.50

Tuesday’s decent bounce in prices of natural gas was on the back of rising open interest and volume, allowing for further upside in the very near term. In the meantime, the 200-day SMA near $6.50 continues to hold the downside for the time being.