Natural Gas sheds 42.5 cents to trade around $2.58 per MMBtu

Natural Gas is down to $2.58 per MMBtu, after ending Friday at $3. Overall, a 14.42% loss or 42.5 cents today.

While price action maintains a negative bias, data for United States Factory Orders released today at 15:00 UTC is better than expected with -1.6%, but worse than previous figure of 1.7%.

Taking a look at other Energy commodities, negative performances are evident as Heating Oil is down to $2.87, losing 4.39 cents, after closing at $2.91 in the preceding trading session.

Positive performances can be seen by looking at other Energy markets as Crude Oil added 0.85% to its value, now trading at $80.36.

In the meantime, Brent Crude Oil moves 0.45% to trade around $86.22.

Furthermore, United States Fed Chair Powell testimony is expected tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook will be released tomorrow at 17:00 UTC.

NYMEX Gas is up 48.96% from the significant low of $2.02 it hit 13 days ago.