On the back of late releases from CME Group for the natural gas futures markets, open interest extended the uptrend, rising around 11.2k contracts on Friday. Volume, meanwhile, rose by around 170.4k contracts, continuing the uptrend after the previous daily decline.
Natural Gas: The immediate upside barrier is $2.50
prices of natural gas reversed some of the previous weakness on Friday. The rebound came amid rising open interest and volume, suggesting that the commodity could be poised for another rebound in the near future. In contrast, the next level of noteworthy resistance is at the April high at $2.529 per MMBtu.
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