Natural Gas Price Drops Below $3 'Amid Lack of Support'

NYMEX Gas Price Closed Below $3/MMBtu Psychological Barrier - Marcellus Drilling News

Yesterday, the “front month” contract (for September) for the NYMEX futures natural gas price crashed down 15.1 cents to close at $2.932/MMBtu. Bummer. The $3 level is an important psychological barrier, and we just violated it. The questions, as always, are (1) why did the price go lower (what’s rattling around inside the heads of...

Natural gas price begins to decline– Forecast today – 5-8-2025

Platinum price formed some bullish waves, to hit $1355.00 level, to bounce quickly to settle below the barrier at $1342.00 level, affected by stochastic negativity, which approaches from 50 level as appears in the above image.   The stability of this barrier will force the price to delay the bullish attempts, to increase the chances for forming new bearish correctional waves to target $1290.00 level reaching 38.2%Fibonacci correction level at …

Natural Gas Price Drops Below $3 'Amid Lack of Support'

Eli Rubin, an energy analyst at EBW Analytics Group, outlined that the natural gas price dropped below $3 per MMBtu yesterday 'amid [a] lack of support'.