Considering advanced prints from CME Group for natural gas futures markets, open interest resumed the uptrend and went up by around 5.2K contracts on Wednesday. In the same line, volume rose for the third session in a row, this time by around 47.4K contracts.

Natural Gas:  Ready for a test of $9.75?

Prices of natural gas rose sharply and briefly tested the $8.50 mark, just to close a tad lower, on Wednesday. The strong advance was on the back of rising open interest and volume and leaves the door open to the continuation of the uptrend with the immediate target at the 2022 peak at $9.75 per MMBtu (July 26).