Natural Gas Rallies In Typical Holiday Week Trading

The last week of the year between the holidays, with many investors and traders away, is generally one of quiet trading on low volume with the occasional significant move.

This morning finds US index futures holding steady, consolidating yesterday’s US index gains of 0.4%-0.6%. In Europe today, the Dax is up 0.3%, while the FTSE is up 0.6%.

In commodity action, Natural Gas has popped 2.6% this morning, in contrast to a 1.7% decline for US Crude Oil. Metals trading is mixed with Copper up 0.6%, Gold up 0.4% and silver down 0.2%.

The US 10-year treasury note yield is steady just below 3.90%. Cryptocurrencies are climbing again with Bitcoin up 1.8% and Ethereum up 3.3%.

It’s a quiet day for economic news with the only notable report being US API weekly oil inventories which come out after the US market close later this afternoon.

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