CME Group’s flash data for natural gas futures markets noted traders increased their open interest positions for the third day in a row on Thursday, now by around 4.7K contracts. In the same direction, volume, increased by nearly 45K contracts amids the persevering choppy activity.
Natural Gas: Upside remains limited around $3.00
Thursday’s uptick in prices of natural gas was accompanied by rising open interest and volume and is indicative the further gains could be in store for the commodity in the very near term. In the meantime, the $3.00 region per MMBtu remains an important obstacle for bulls’ aspirations.
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