Monday, November 13th saw the front-month NYMEX Natural Gas Futures Contracts open at $3.189, three cents below Friday’s closing price of $3.217. Losing ground in overnight trading as profit taking took hold, prices soon rose higher despite forecasts for mild temperatures in the coming week. Climbing aggressively shortly after 9:30AM, the contract marked the intraday high of $3.231 forty minutes later. Choppy trading ensued into the early afternoon as prices fluctuated within a penny of $3.210, before ultimately losing support by day’s end as December closed lower on Monday at $3.167.
This morning in Globex, WTI Crude was down 31 cents; Natural Gas was down seven cents; Heating Oil was down two cents; and, Gasoline was down two cents.
Natural Gas Glossary
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