February 26, 2019
Monday, February 25
th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.777, six cents above Friday’s closing price of $2.717. Trending lower initially to seesaw along $2.765 through 11:30AM, marking the intraday low of $2.756 at 11:10AM, prices then moved gradually higher as midday approached. Possibly overlooking short-term mild conditions to focus on below-average temperatures forecasted for the first week in March, the contract rose confidently into the afternoon. Tallying a near one-month intraday high of $2.842 ahead of 2:30PM, March closed higher on Monday at $2.836.
This morning in Globex, WTI Crude was up 21 cents; Natural Gas was up five cents; Heating Oil was up two cents; and Gasoline was up two cents.
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