On Tuesday, open interest in natural gas futures markets grew for the fifth straight session, this time by over 30K contracts, based on advanced CME Group prints. Volume increased for the third straight session, currently totaling roughly 179.3K contracts, the greatest single-day increase since June 11.
For the time being, the natural gas price surge is still going strong. The upswing on Tuesday came amid rising open interest and volume, indicating that the rally still has legs, with the immediate objective at the current peaks at $3.80 per MMBtu.

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