March NYMEX Natural Gas Futures Contracts Closed at $2.747 on Monday, February 5th

Market Insights
Natural Gas
Basis
NYMEX
February 6, 2018
Monday, February 5th saw the front-month NYMEX Natural Gas Futures Contracts open at $2.790, nearly six cents below Friday’s closing price of $2.846.  Buoyed by technical trading through 9:30AM, prices marked the intraday high $2.796 before tumbling lower.  Crossing $2.770 by 10:00AM, the contract continued downward into the morning as weather and storage support wanes.  Realizing the intraday low of $2.736 ahead of midday, March proceeded to trade along the $2.75 mark for the balance of the day, closing lower on Monday at $2.747.

This morning in Globex, WTI Crude was down 86 cents; Natural Gas was down three cents; Heating Oil was down two cents; and, Gasoline was down three cents.
 
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