MLPG - It's Spring In The Natural Gas Market
Natural gas has a long history as an energy commodity that provides market participants with a wild ride when it comes to percentage changes in its price. Since the introduction of the natural gas futures contract on the New York Mercantile Exchange division of the Chicago Mercantile Exchange, the price has traded from a low at $1.02 to a high at $15.65 per MMBtu.
When the first futures contract traded back in 1990, it took time for the market to build critical mass. By the end of 1990, the open interest metric which is a