February 7, 2018
Tuesday, February 6
th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.712, three cents below Monday’s closing price of $2.747. Falling to the intraday low of $2.695 ahead of 9:30AM, the lack of fundamental support overnight proved too formidable for technical trading to overcome. Climbing from this newly diminished low, prices rose steadily to cross midday near $2.746 and continued to the intraday high of $2.763 ahead of 2:30PM. March closed slightly higher on Tuesday at $2.759.
This morning in Globex, WTI Crude was down 16 cents; Natural Gas was down four cents; Heating Oil was down one cent; and, Gasoline was up two cents.
Natural Gas Glossary
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