October 28, 2020
Tuesday, October 27
th saw the front-month NYMEX Natural Gas Futures Contract open at $3.020 just below Monday’s closing price $3.024. Falling to an intraday low of $2.986 soon after 9:00AM, prices ascended for the majority day to mark an intraday high of $3.091 at 1:50PM. Collapsing in the minutes ahead of 2:30PM, the November contract closed lower at $3.019. Set to assume the front-month position on Thursday, the more heavily traded December contract opened at $3.225, three cents below Monday’s closing price of $3.253. Recording an intraday low of $3.180 at 9:10AM, the contract rose confidently throughout the day to tally an intraday high of $3.336 at 1:40PM. Managing to hold onto these gains, the December contract closed higher on Tuesday at $3.311.
As of 8:35AM EST this morning in Globex, WTI Crude was down $1.81; Natural Gas was up one cent; Heating Oil was down three cents; and Gasoline was down four cents.
New York and New England basis values were unchanged for all seasons. Additionally, cash prices were lower in New York and New England.
Natural Gas Glossary
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