Monday, July 6th saw the front-month NYMEX Natural Gas Futures Contract open at $1.804, seven cents above Thursday’s closing price of $1.734. Climbing to an intraday high of $1.836 by 9:50AM as last week’s forecast induced rally continued into the new week, support soon faded as prices dipped lower. Finding a bottom at $1.772 at 12:30PM, the contract rallied to close out the day, ascending to an intraday high of $1.834 at 2:20PM. The August contract closed at $1.830 on Monday.
As of 7:30AM EST this morning in Globex, WTI Crude was down 43 cents; Natural Gas was up seven cents; Heating Oil was down one cent; and Gasoline was unchanged.
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