January 3, 2019
Wednesday, January 2
nd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.936, nearly even to Monday’s closing price of $2.940. Marking the intraday low of $2.905 by 9:20AM, the contract then reversed direction to tally the intraday high of $2.993 at 11:00AM. Breaking below the $3.00 psychological level on Monday and limited short-term demand, traders are waiting for the next weather event to jump above $3.000. February closed higher on Wednesday at $2.958.
The EIA Storage Report for the week ended December 28
th, will be published on Friday, January 4
th.
This morning in Globex, WTI Crude was up 70 cents; Natural Gas was down seven cents; Heating Oil was up four cents; and Gasoline was up four cents.
Natural Gas Glossary
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