Open interest in natural gas futures markets increased for the fifth session in a row on Tuesday, this time by nearly 30K contracts considering advanced prints from CME Group. In the same direction, volume rose for the third straight session, now by around 179.3K contracts, the largest single-day build since June 11.

NATURAL GAS NOW FACES THE NEXT HURDLE AT $3.80

The rally in natural gas prices remains well and sound for the time being. Tuesday’s uptick was amidst rising open interest and volume, indicative that the uptrend has further legs to go with the immediate target at the recent peaks around the $3.80 mark per MMBtu.