December 24, 2019
Monday, December 23
rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, eleven cents below Friday’s closing price of $2.328. Gapping lower over the weekend, following Friday’s short-covering induced rally, forecasts have proven bearish in the short-term as the contract is now using $2.20 as a support level. Lacking any major activity throughout the session, prices tallied an intraday high of $2.238 shortly past midday and an intraday low of $2.209 at 2:20PM. January closed lower on Monday at $2.214.
As of 8:00AM EST this morning in Globex, WTI Crude was up 24 cents; Natural Gas was down four cents; Heating Oil was up one cent; and Gasoline was up one cent.
Natural Gas Glossary
Natural Gas Supplier
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to
natgas@spragueenergy.com or call 1-855-466-2842.
This market update is provided for information purposes only and is not intended as advice on any transaction nor is it a solicitation to buy or sell commodities. Sprague makes no representations or warranties with respect to the contents of such news, including, without limitation, its accuracy and completeness, and Sprague shall not be responsible for the consequence of reliance upon any opinions, statements, projections and analyses presented herein or for any omission or error in fact. The views expressed in this material are through the period as of the date of this report and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected. The whole or any part of this work may not be reproduced, copied, or transmitted or any of its contents disclosed to third parties without Sprague’s express written consent.