- July 30, 2020
- Posted by: Analysis Team
- Category: Forex News
Open interest in Natural Gas futures markets rose by around 12.8K contracts on Wednesday in light of advanced figures from CME Group, clinching the second build in a row. Volume, in the same line, increased for the second consecutive day, this time by around 75.2K contracts.
NATURAL GAS PRICES NOW TARGETS $2,00/MMBTU
Prices of Natural Gas are extending the rebound from lows recorded in mid-July, briefly surpassing the previous monthly peaks beyond $1,95/MMBtu. Rising open interest and volume coupled with this positive price action hints at the possibility of further gains ahead, with the next key target at the $2,00 per MMBtu.