NYMEX Natural Gas Futures Contract Prompt month Nov23 settlement -US$0.089/MMBtu at $2.84, low of $2.835, high of $2.958, traded range of $0.123. Winter 23 -$0.074 at $3.231, Summer 24 -$0.041 at $3.166.
Market Fundamentals After trading higher last week, prices fell today on warmer weather and weaker demand. Technical traders are also selling off the commodity following last week’s price action. After pushing close to $3 last week, the inability to push upwards has led to a loss of momentum.