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Nat-Gas Prices Fall Back on Cooler Forecasts for the East

Energy Markets & PricesCommodities & Raw MaterialsNatural Disasters & WeatherCommodity FuturesFutures & OptionsMarket Technicals & Flows

July Nymex natural gas fell 3.37% to close down 0.111 after briefly reaching a new 2-month high. Prices reversed on forecasts from Vaisala calling for cooler weather in the East for June 6-10, which could curb near-term demand despite lingering above-normal conditions.

Analysis

July Nymex natural gas fell 3.37% to close down 0.111 after briefly reaching a new 2-month high. Prices reversed on forecasts from Vaisala calling for cooler weather in the East for June 6-10, which could curb near-term demand despite lingering above-normal conditions.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.30