After bending but not breaking lower at the open, natural gas futures battled back Monday as traders digested updated weather forecasts and storage estimates. The January contract finished at $5.116, down 6.7 cents for the session but up 8.6 cents from its $5.03 low. As expected, estimated volume — at 66,458 — was weak, as many traders elected to remain on the sidelines ahead of the holidays. Nymex energy markets will close at 1 p.m. Tuesday and reopen at 7 p.m. Wednesday with Access trading.
Battled
Articles from Battled
Futures Rebound as Traders Prepare for Fresh Storage Data
After tumbling through the first 90 minutes of trading, natural gas futures battled back Wednesday afternoon as locals traders had their way with the market for the second session in a row. With only 91,061 contracts changing hands, volume was relatively light considering the yo-yoing price action. In its first back-to-back daily advance since mid-October, the December contract closed at $3.877, up 0.5 cents for the session.
November 14, 2002
Cash, Techncal Support Boosts Futures into Expiration Day
After a negative opening and a quick check lower, natural gasfutures battled back Tuesday, as traders gleaned support fromstrength in nearby physical market prices and technical buying inout months. But despite yesterday’s positive price direction, theNovember contract never fully recovered from early its earlysluggishness and finished off 0.5 cents at $3.011. Meanwhile,December and January contracts closed up 2.6 cents and 2.1 cents at$3.148 and $3.158 respectively.
October 27, 1999
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