August natural gas is hovering unchanged at $4.170 prior to the market’s open as bulls factor in a near-term constructive weather outlook, but bears look for a continued reduction in the storage deficit once government figures are reported. Overnight oil markets were mixed.
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Articles from Bill Burson
Bulls Take It on the Chin, Again, Following Stout Storage Figures
Natural gas futures continued lower following the release of government storage figures that were somewhat on the high side of what the market was expecting.
July 10, 2014
Cash, Futures Continue Downward; August Posts New Low
Spot gas for Friday delivery continued to sink in Thursday trading on double-digit declines in the Northeast and Eastern points along with a weak screen that set, in the words of one trader, “no rallying power at all.”
July 10, 2014
Weak Fundamentals Continue, Yet August Called A Penny Higher
August natural gas is set to open a penny higher Wednesday morning at $4.21 as traders sift through the aftermath of Monday and Tuesday’s selling and try to balance a continued onslaught of bearish fundamentals with what some call an “exhausted” market. Overnight oil markets fell.
July 9, 2014
Weak Futures Outdone By Weaker Physical Market
Physical gas for delivery Thursday was mostly lower in Wednesday’s trading, with steady to nominal gains in the Rockies, West Texas, and Midcontinent. However, those points were overwhelmed by double-digit losses in the Northeast, Mid-Atlantic and Appalachia.
July 9, 2014
Analyst Says to Fade Lower Open; August Seen Down 6 Cents
August natural gas is expected to open 6 cents lower Tuesday morning at $4.17 as traders factor in improving storage outlook and a deteriorating technical environment. Overnight oil markets retreated.
July 8, 2014
Northeast Leads Widespread Losses; Futures Near Six-Month Low
Spot gas for delivery Wednesday followed the screen’s lead along with forecasts calling for mild temperatures. Futures posted a near six-month low, and physical prices were lower across the board with only a few exceptions.
July 8, 2014
Near-Term Weather Unsupportive; August Called 10 Cents Lower
August natural gas is set to open 10 cents lower Monday morning at $4.31 as traders see nothing on the weather horizon to support near-term prices. Overnight oil markets slumped.
July 7, 2014
Cash, Futures Part Ways; August Tumbles 18 Cents
Physical gas for delivery Tuesday moved sharply higher in Monday’s trading as the cooling season descended upon the Eastern Seaboard with a vengeance.
July 7, 2014
Cash, Futures Inch Lower In Holiday-Shortened Weekly Trading
Although many points showed double-digit losses for the abbreviated trading week ended July 3, theNGINational Weekly Spot Gas Average slippeda modest nickel to $4.23. Early in the week it looked like some eastern points would be strong, having to endure warm temperatures and highheat rates, but later in the week Hurricane Arthur threw a wet blanket on demand at a number of market points.
July 3, 2014