June NYMEX Natural Gas Futures Contract Closed at $2.932 on Monday, May 10th

Monday, May 10th saw the front-month NYMEX Natural Gas Futures Contract open at $2.927, three cents below Friday’s closing price of $2.958.  Following a brief jump to $2.939 as the opening bell rang, prices then dropped to an intraday low of $2.899 minutes later.  Recovering gradually throughout the morning to tally an intraday high of $2.940 by midday.  Trading within a ten-cent range ($2.900 – $3.000) for nearly two weeks, traders are seemingly awaiting for the next market catalyst to direct them.  June closed lower on Monday at $2.932.

As of 7:15AM EST this morning in Globex, WTI Crude was down 15 cents; Natural Gas was down two cents; Heating Oil was down one cent; and Gasoline was down one cent.
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