August NYMEX Natural Gas Futures Contracts Closed at $2.870 on Tuesday, July 3rd

Market Insights
Natural Gas
July 5, 2018
Tuesday, July 3rd saw the front-month NYMEX Natural Gas Futures Contracts open at $2.863, nearly even to Monday’s closing price of $2.862.  Descending to the intraday low of $2.852 minutes after the day’s session opened, oversold sentiments soon drove the contract upward.  Trading sideways near $2.875 through 11:30AM, prices then shot up to the intraday high of $2.903 at 12:10PM.  Losing support as the afternoon drew on, August managed to close higher on Tuesday at $2.870.

The NYMEX was closed yesterday, July 4th in observance of the Independence Day holiday.

This morning in Globex, WTI Crude was up 20 cents; Natural Gas was up one cent; Heating Oil was up two cents; and, Gasoline was up one cent.  Additionally, cash prices were lower in New York and New England.
Natural Gas Glossary
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