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Natural Gas Nov '22 (NGX22)

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Natural Gas Futures Market News and Commentary

Nat-Gas Prices Soar on the Outlook for US Nat-Gas Supplies to Tighten

June Nymex natural gas (NGM24) on Friday closed up by +0.107 (+5.26%).

June nat-gas prices Friday climbed to a 3-month nearest-futures high and settled sharply higher.  Gas prices surged Friday after Cheniere Energy said it doesn't expect prolonged outages at its LNG plants this summer, which should boost US LNG exports and help tighten up the oversupplied US nat-gas market.  Gains in nat-gas prices accelerated Friday afternoon after Baker Hughes reported that the number of active US nat-gas drilling rigs in the week ending May 3 fell by -3 rigs to a 2-1/2 year low, which signals a reduction in US nat-gas production in the near term.

Nat gas prices on April 26 tumbled to a 3-3/4 year nearest-futures low (NGK24) due to ample US nat-gas supplies and mild spring temperatures.   Nat-gas prices have collapsed this year after an unusually mild winter curbed heating consumption for nat-gas and pushed inventories well above average.

Nat-gas prices had been under pressure a... Read more

Contract Specifications

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Contract
Natural Gas
Contract Size
10,000 MMBtu (million British thermal units)
Tick Size
0.001 per MMBtu ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (RTH 8:00a.m. - 1:30p.m.) (Settles 1:30p.m.) CST
Exchange
NYMEX
Point Value
$10,000
Margin/Maintenance
$3,022/2,748
First Notice Date
10/28/22
Expiration Date
10/27/22 (expired)

Seasonal Chart

Natural Gas Nov '22
Average Price Chart for 5 Prior Nov Contracts

Commitment of Traders Positions as of Apr 30, 2024

View Chart Details
Commercials - Long / Short
602,198 (+15,953)
469,174 (-2,060)
Non-Commercials - Long / Short
312,077 (+5,823)
462,310 (+23,578)
Producers - Long / Short
245,702 (+10,149)
317,197 (-6,156)
Swap Dealers - Long / Short
223,127 (+2,324)
18,608 (+616)
Managed Money - Long / Short
227,364 (+2,528)
331,164 (+17,315)
Other Reportables - Long / Short
84,713 (+3,295)
131,146 (+6,263)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
4.750 +9.18%
on 10/24/22
7.188 -27.85%
on 10/06/22
-1.574 (-23.28%)
since 09/27/22
3-Month
4.750 +9.18%
on 10/24/22
10.040 -48.35%
on 08/23/22
-3.417 (-39.72%)
since 07/27/22
52-Week
3.660 +41.69%
on 12/06/21
10.040 -48.35%
on 08/23/22
+0.911 (+21.31%)
since 10/27/21

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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 6.365
2nd Resistance Point 6.034
1st Resistance Point 5.610
Last Price 5.186s
1st Support Level 4.855
2nd Support Level 4.524
3rd Support Level 4.100

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52-Week High 10.040
Fibonacci 61.8% 7.603
Fibonacci 50% 6.850
Fibonacci 38.2% 6.097
Last Price 5.186s
52-Week Low 3.660

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