Physical gas for Monday delivery showed its typical over-the-weekend pattern of declining prices as traders elected to make any spot purchases of gas on an as-needed basis.
Bearish
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Deja Vu All Over Again: Physical NatGas, Futures Post Losses
Physical gas for Monday delivery showed its typical over-the-weekend pattern of declining prices as traders elected to make any spot purchases of gas on an as-needed basis.
Moderating Weather Pressures Futures; May Called 7 Cents Lower
May natural gas is expected to open 7 cents lower Monday morning at $2.56 as traders factor in more temperate near-term weather outlooks. Overnight oil markets tumbled.
Moderating Weather Pressures Futures; May Called 7 Cents Lower
May natural gas is expected to open 7 cents lower Monday morning at $2.56 as traders factor in more temperate near-term weather outlooks. Overnight oil markets tumbled.
Prices Probe Market Support; March Called Unchanged
March natural gas is expected to open flat at $2.68 Tuesday morning as analysts concede the market’s ability to hold technical support yet remain wary of changes in weather and any new developments in production and storage. Overnight oil markets rose.
Forecast Has Bears Assessing Their Options; February Called Flat
February natural gas is set to open unchanged Friday morning at $2.93 as traders grapple with a fluctuating weather outlook within what analysts describe as an overall bearish trading framework. Overnight petroleum markets eased.
Real Cold Not Here Yet; Expiring November Contract Seen 2 Cents Lower
The expiring November natural gas futures contract is seen opening 2 cents lower Wednesday morning at $3.63 as traders square books and see the market at oversold conditions. Overnight oil markets rose.
Weather, Technicals Keep Expiring October Below $4
The expiring October natural gas futures contract is expected to open 3 cents lower Friday morning at $3.94, with traders squaring books as it goes off the board. Weather forecasts continue to be unsupportive, and technical thresholds remain intact. Overnight oil markets were mixed.
Speculative Selling Fading; October Called 4 Cents Higher
October natural gas is set to open 4 cents higher Tuesday morning at $3.89 as traders continue to see a bearish trading environment, but there’s a hint that surprises could come to the upside. Overnight oil markets rose.
Seasonal Low In Place? September Seen 2 Cents Higher
September natural gas is set to open 2 cents higher Wednesday morning at $3.92 as traders consider whether the seasonal cycle low might be in. Overnight oil markets rose.