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Natural gas down 0.4 cents

Posted on: December 23, 2016

NYMEX natural gas traded in a range of $0.129 on Thursday but settled relatively unchanged from the previous day at $3.538, down 0.4 cents. The EIA storage report noted that the draw for last week was 209-Bcf, in and around what the market was anticipating. Warm weather is expected to continue through December and into January which will damper demand in the short term.

Today we see support around $3.50 and resistance around $3.65.

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Most Recent Market Updates

November 20, 2017

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NYMEX natural gas climbed 4.4 cents higher on Friday.

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