According to preliminary readings from CME Group for natural gas futures markets, open interest rose for the second session in a row on Monday, now by around 14.1K contracts. In the same line, volume remained choppy and this time went up by around 105.1K contracts.
Prices of natural gas navigated the area of cycle peaks well north of the $9.00 mark amidst rising interest and volume, introducing a potential continuation of the uptrend to the psychological $10.00 mark per MMBtu sooner rather than later.
