US Nat Gas Has Volatile Day, Finishes Flat
US Nat Gas Has Volatile Day, Finishes Flat
Mar Crude Oil spent its entire floor session in negative territory as mixed economic data released this morning that included weekly initial claims and the personal income report weighed on prices. The energy component dropped to a session low of 96.84 in early morning action but inched higher for the remainder of the session. It pared its loss to 0.4% as it closed at 97.52, just below its session high at 97.65 bbl.
Mar Nat Gas slid to a floor session low of 3.24 per MMBtu on inventory data that showed a draw of 194 bcf when a draw of 205 to 206 bcf ws anticipated. However, buyers stepped in and pushed prices into positive territory and to a session high of 3.39 per MMBtu. Nat Gas settled the session unchanged at 3.34 per MMBtu.
Apr Gold retreated from its session high of 1678.50 and fell deeper into negative territory on the economic data. It settled 1.2% lower at$1661.80, slightly above its session low of 1658.40 oz.
Mar Silver also extended overnight losses, falling as low as 31.12 in early afternoon pit trade. It eventually closed at 31.36 oz, or 2.5% lower.
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Linda Johnson,
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Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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