Natural Gas Futures: Rebound could be in the offing

Advanced prints from CME Group for natural gas futures markets showed open interest rose for the 5^th consecutive session on Wednesday, now by around 7.2K contracts. On the other hand, volume resumed the downtrend and went down by around 77.4K contracts.

Natural Gas looks supported near $3.900

Prices of the natural gas halted the steep multi-session decline on Wednesday, rebounding decently above the $4.000 mark per MMBtu. The bounce was on the back of rising open interest, which could underpin further bullish attempts in the very near term.