Natural Gas Futures: Extra gains not ruled out

Considering preliminary readings from CME Group for natural gas futures markets, open interest remained choppy and shrank by around 1.7K contracts on Thursday. On the other hand, volume resumed the upside following the previous day drop, this time by around 3.3K contracts.

Natural Gas now targets $7.00

Prices of natural gas posted marginal gains amidst an inconclusive session on Thursday, all against the backdrop of diminishing open interest. That said, further upside should not be ruled out in the very near term, and with the immediate target at the $7.00 mark per MMBtu.