Natural gas futures market weakness continued to reign on Monday as the prompt-month contract recorded a two-month low before closing out the regular session at $4.309, down 15.8 cents from Friday’s finish.
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Futures Continue to Fall as ‘Real Fundamental Picture’ Takes Hold
Three failed attempts at conquering $5 appeared to be the limit as the July natural gas futures contract on Wednesday headed in the opposite direction. The prompt-month contract traded in a $4.667 to $4.836 range before closing out the regular session at $4.677, down 13.1 cents from Tuesday’s finish.
Futures Return to $4 on Weak Fundamentals, Surrounding Markets
Natural gas futures on Friday declined for the fourth consecutive session as the June contract shaved another 7.1 cents to $4.035. For the week the prompt-month contract dropped 27.7 cents, or 6% of its value.
Futures Currently Stuck in Upper End of Recent Range
May options expiration on Tuesday saw the prompt-month natural gas futures contract continue its recent stretch of sideways trading as May futures bounced between $4.191 and $4.293 before closing out the day’s regular session at $4.216, down 4.6 cents from Monday’s finish. The contract expires Wednesday.
Futures Currently Stuck in Upper End of Recent Range
May options expiration on Tuesday saw the prompt-month natural gas futures contract continue its recent stretch of sideways trading as May futures bounced between $4.191 and $4.293 before closing out the day’s regular session at $4.216, down 4.6 cents from Monday’s finish. The contract expires Wednesday.
Futures Add Pennies Prior to Storage Report
Natural gas futures bears were stymied for a second straight day Wednesday as April natural gas failed to dredge new territory. After putting in a low of $4.680, the prompt-month contract finished the regular session at $4.757, up 4.9 cents from Tuesday’s close.
Futures Add Pennies Prior to Storage Report
Natural gas futures bears were stymied for a second straight day Wednesday as April natural gas failed to dredge new territory. After putting in a low of $4.680, the prompt-month contract finished the regular session at $4.757, up 4.9 cents from Tuesday’s close.
Winter a ‘Draw’ for Bulls, Bears
March natural gas futures rebounded from Tuesday’s 15.8-cent slide to gain 7.6 cents on Wednesday. The prompt-month contract closed the regular session at $5.386.
Winter a ‘Draw’ for Bulls, Bears
March natural gas futures rebounded from Tuesday’s 15.8-cent slide to gain 7.6 cents on Wednesday. The prompt-month contract closed the regular session at $5.386.
Cold Weather Keeps Pressure on $6 Futures
Natural gas futures continued to knock on the $6 door on Friday as the January contract put in a high of $5.926 in early morning trade. The prompt-month contract ended up closing the day’s regular session at $5.782, up 1.4 cents from Thursday and 61.9 cents higher than the previous week’s close. Over the last two weeks the January contract has gained $1.196.