Natural Gas Futures: Further upside in the pipeline

In light of advanced prints for Natural Gas futures markets, open interest reversed seven daily drops in a row and rose by nearly 6K contracts on Friday. Volume, on the other direction, shrunk by around 64.1K contracts, reaching the third consecutive pullback.

Natural Gas faces the next target at $2.90

Prices of Natural Gas edged higher on Friday against the backdrop of increasing open interest. A breakout of the key hurdle around $2.70 should expose the next target of relevance at the March tops around the $2.90 mark per MMBtu.