CME Group’s flash data for natural gas futures markets noted traders added nearly 11K contracts to their open interest positions following four consecutive daily drops on Thursday. On the other hand, volume shrank for the second straight session, this time by around 11.2K contracts.
Prices of natural gas extended their sharp weekly rebound on Thursday. The move was amidst increasing open interest and leaves the door open to another potential test of the key resistance zone around the $3.00 mark per MMBtu in the very near term.
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