Is the latter half of January going to be extra-cold (quite bullish) or merely seasonable (somewhat bearish)? A lot of money could be riding on making the best strategic trading choices in such circumstances, and a few traders have indicated that they’re not sure what path to follow.
Bearish
Articles from Bearish
Futures Inch Lower, But Significant Storage Draw Is Expected
Natural gas futures traders continued to probe the downside on Wednesday but had significantly reined in the bearish enthusiasm that was prevalent on Tuesday. January futures reached a low of $4.193 before closing the regular session at $4.222, down 3.3 cents from Tuesday’s regular session close.
Williams Pays $925M to Acquire Bakken Shale Leasehold
As it shifts its portfolio toward more oily prospects, natural gas producer Williams Cos. said Monday it will pay $925 million to acquire 85,800 net acres in the Bakken Shale.
Temps Appropriate for Mid-Fall Soften Market
Seasonal fall temperatures are due to reign in most areas as the new month begins Monday, and that was bearish news for the cash market. Even without the “weekend factor” of light industrial load in effect, prices fell at a large majority of points Friday.
Light Weather Load Pushes Market a Bit Lower
The reality of seasonal autumn weather — with both heating and cooling load on the low side — began to exact a more bearish influence on the market Thursday, with most points falling by 2-3 cents to about 15 cents. Most numbers were close to flat, with other points ranging from unchanged to nearly a dime higher.
Despite Bearish Storage and Futures, Cash Prices Climb
Natural gas prices made modest gains in most North American markets Thursday, surprising most sources polled by NGI, who pointed to continued bearish fundamental factors and a futures market that showed little sign of rebound.
Futures Sink as Rigs Hit 17-Month High
The natural gas futures market’s bearish momentum Thursday spilled over into Friday as the September contract recorded a low of $4.456 before closing the regular session at $4.467, down 13.1 cents from Thursday’s close and 45.6 cents lower than the previous week’s finish.
Mildness Reasserts Itself; Virtually All Points Fall
Wednesday’s rally in the face of bearish weather demand proved to be a fluke as prices fell at all but one point Thursday in trading for the Good Friday/Easter holiday weekend. Prior-day futures softness and the extra loss of industrial load during a long holiday weekend also figured into the cash losses.
Mildness Reasserts Itself; Virtually All Points Fall
Wednesday’s rally in the face of bearish weather demand proved to be a fluke as prices fell at all but one point Thursday in trading for the Good Friday/Easter holiday weekend. Prior-day futures softness and the extra loss of industrial load during a long holiday weekend also figured into the cash losses.
Market Sees Weekend Dips at Virtually All Points
Colder weekend trends in sections of the South and Midwest failed to inspire enough heating load to counter the bearish influences of generally moderate weather as winter enters its final week, the prior-decline of 11.9 cents by April futures and the dropoff of industrial demand during a weekend. As a result, prices fell at all but one point Friday.