NYMEX Natural Gas Futures Contract Aug23 prompt month settlement +US$0.033/MMBtu at $2.701, low of $2.616, high of $2.746, traded range of $0.13. Summer23 +$0.039 at $2.721, Winter23 +$0.024 at $3.511.
Market Fundamentals Markets looked to continuing trending down early this morning but the EIA storage report caused bullish sentiment at 10:30AM. While estimates came in ranging from an injection of 78 Bcf upwards, the actual volume came in at 76 Bcf. As we go into the weekend, we should traders look to exit out of their existing positions, and supply and demand will be affected as well.