NATURAL GAS FUTURES: FURTHER STRENGTH ON THE CARDS

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.



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