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Daily Prices

9/25/24

Natural Gas Futures Drift Lower; Market Looks to Storage Print for Further Direction

By Jodi Shafto

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Published in: Daily Gas Price Index Filed under:

October Nymex natural gas futures drifted on either side of the prior day’s settlement early Thursday as the market awaited the latest storage data for more definitive directional support.

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The prompt month was down 3.5 cents to $2.249/MMBtu as of 8:45 a.m. ET Thursday. It traded from $2.247 to $2.319.

NatGasWeather said market bulls were battling to take out previous resistance at $2.28-2.30. What might determine if bulls finally take out $2.28 for good is the weekly storage report and whether the past two reports missing bullish carries over to this week.

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Jodi Shafto

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.