Natural Gas Futures: Further upside on the cards

Considering preliminary readings from CME Group for natural gas futures markets, open interest added nearly 9K contracts to Thursday’s increase. Volume followed suit and rose for the third session in a row, this time by around 226.8K contracts.

Natural Gas now looks to $5.00 and above

Prices of natural gas extended the rally on Friday amidst rising open interest and volume, leaving the door open to the continuation of the uptrend in the very near term and with the immediate target at the $5.00 mark per MMBtu and beyond, area last traded back in late November 2021.