Natural Gas Futures: Rally looks unabated

CME Group’s preliminary readings for natural gas futures markets noted open interest extended the upside for yet another session on Wednesday, this time by nearly 2K contracts. In the same direction, volume clinched the second consecutive daily build, now by around 252.8K contracts.

Natural Gas targets… the moon?

Prices of natural gas finally tested, albeit briefly, the $5.00 mark per MMBtu on Wednesday. In the current context, further gains remain well on the cards and this view is supported by rising open interest and volume coupled with the latest positive price action. The next target of note now emerges at the February 2014 highs near $6.50/MMBtu.