September NYMEX Natural Gas Futures Contract Closed at $2.137 on Tuesday, July 30th

On Tuesday, July 30th – the September NYMEX Natural Gas Futures Contract began trading as the prompt month. Opening at $2.128, a penny above Monday’s closing price of $2.116, prices retreated to record another multi-year intraday low of $2.107 by 9:30AM.  Foregoing the possibility of a short-covering rally, the contract will have to wait for support from another catalyst to break out of this oversold market.  September then rose gradually to span the balance of the day, closing higher on Tuesday at $2.137.

As of 8:45AM EST this morning in Globex, WTI Crude was up 60 cents; Natural Gas was up four cents; Heating Oil was up two cents; and Gasoline was up one cent. 
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