January NYMEX Natural Gas Futures Contracts Closed at $3.827 on Friday, December 14th

Friday, December 14th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.951, seventeen cents below Thursday’s closing price of $4.124.  Breaking sharply from the bull flag pattern that has held over the last month, mild temperatures that are expected to cover most of the country in the next two weeks diminished prices overnight, despite inventory levels sitting 19.9% below the five-year average.  Falling from the intraday high of $3.956 at 9:10AM, the contract stumbled downward through the day to mark a near five-week intraday low of $3.813 at 1:00PM.  January closed lower on Friday at $3.827, 7.8 % lower on the day and 17.3 % lower on the week.

This morning in Globex, WTI Crude was up 17 cents; Natural Gas was down 13 cents; Heating Oil was up slightly; and Gasoline was up one cent.  
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