A Look at “Volatile” NatGas Prices and Where They May Go Next

In the space of two months, the NYMEX "front month" natural gas futures contract went from bumping around under $3/MMBtu (million British thermal units) to the mid-$4 range. It's been an amazing ride. And it would be easy to think "we've arrived" and can kiss $3 territory goodbye. That would be a mistake. While we earnestly hope the price will remain where it is, in the $4 range, analysts, including EBW Analytics Group, caution that for U.S. natural gas prices, "immediate-term volatility risks remain high into December expiration." Volatility means the price can swing wildly at a moment's notice. Where is the NYMEX and spot/physical price now? And where might prices go over the next couple of weeks?

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