August 6, 2019
Monday, August 5
th saw the front-month NYMEX Natural Gas Futures Contract open at $2.044, nearly eight cents below Friday’s closing price of $2.121. Slipping to another three-year intraday low of $2.029 ahead of 9:30AM, bulls were quick to provide support as traders can expect the contract to test the $2.00 level this week. Rising assuredly to an intraday high of $2.109 by 10:50AM, prices then descended into the afternoon as forecasts have failed to motivate buyers. September closed lower on Monday at $2.070.
As of 8:55AM EST this morning in Globex, WTI Crude was up eight cents; Natural Gas was up 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.