Mixed sentiment sees NYMEX Gas ending the day broadly flat; establishes tight $2.61 to $2.64 range

Tentatively higher from an earlier low of $2.61, Natural Gas is up to $2.62 per MMBtu today, adding 1 cents, or 0.38%, to yesterday's closing price of $2.61.

Uncertainty around NYMEX Natural Gas is reflected by published market data as United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.

As the trading day commences, technical analysis suggests Natural Gas is approaching key support, around 15 cents away from $2.47. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Meanwhile, mixed performances are seen in other Energy as Heating Oil moves 0.33% to trade around $2.77.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Retail Sales projected to come out at -0.3% — worse than previous data of 3%; data will be released tomorrow at 12:30 UTC. Projections for United States Core Retail Sales are set for a continuation of decline with -0.1% while previous data was 2.3%; data will be released tomorrow at 12:30 UTC. United States Producer Price Index expected to decline to 0.3% while its preceding data was 0.7%, data will be available tomorrow at 12:30 UTC.

NYMEX Natural Gas is now trading 62.32% below its 3-month high of $9.68.