NYMEX NatGas Price Flirts with Going Below $3.00, Settles at $3.01

Energy analysts say the front-month contract for NYMEX natural gas (for May) is "flirting with [the] $3.00 per million British thermal units (MMBtu) psychological level." At one point during trading yesterday, the price tested an intraday low of $2.995. Yuck. Are we heading back below $3 again? Unfortunately, analysts are saying that although $3 is a strong psychological barrier, "technicals indicate further weakness ahead." Sounds a bit ominous.

---

To view this content, log into your member account. (Not a member? Join Today!)