As we roll over to a new NYMEX front month, we open with a September Future contract price of $3.142 US/MM. One thing to note when watching the NYMEX price for is the general volatility of the market, as the market sentiment as of now leads more towards bearishness in the interim but overall a more bullish outlook as we slowly exit injection season and weather is generally cooling demand is down from the intense heat waves we saw earlier in July. During today’s trading day we saw the NYMEX drop down to $3.045 US/MM, indicating we are still in the midst of the bearish sentiment of the market in spite of yesterday’s small rally.

In the world of weather, we have entered hurricane season, which has become another tick in the list of things to watch that can affect natural gas pricing. There is hurricane activity in the Eastern Pacific, but will most likely not affect any Natural Gas pricing pertinent to NYMEX. (AA)