April NYMEX Natural Gas Futures Contracts Closed at $2.772 on Monday, March 11th

Monday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.787, roughly eight cents below Friday’s closing price of $2.865.  Losing ground in pre-session trading, markets seemingly established a bottom near $2.785 within minutes of 9:00AM.  Spiking early on to the intraday high of $2.807, prices quickly returned to $2.780 and continued lower.  Marking the intraday low of $2.766 at 11:30AM, the contract seesawed along $2.775 for the balance of the day as more seasonal temperatures are moving into key demand areas.  April closed lower on Monday at $2.772.

This morning in Globex, WTI Crude was up 48 cents; Natural Gas was down two cents; Heating Oil was up slightly; and Gasoline was unchanged.  
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