CME Group’s flash data for Natural Gas futures markets noted open interest rose by around 1.1K contracts on Tuesday, reversing at the same time three consecutive daily pullbacks. Volume, in the same line, went up by almost 30K contracts following two drops in a row.
Natural Gas now eyes the $2,00/MMBtu mark
Prices of Natural Gas ticked higher on Tuesday amidst rising open interest and volume. That said, the recovery is seen gathering further traction in the very near-term and a move to recent tops in the $1,95 region should thus not be ruled out.