Bulls

October natural gas is set to open 4 cents higher Wednesday morning at $3.04 as overnight weather models turned still warmer. Overnight oil markets rose.

April natural gas is expected to open 4 cents lower Wednesday morning at $3.05 as traders see little near-term change in ongoing weather forecasts capable of lifting prices and the technical picture momentarily stalls. Overnight oil markets fell.

Physical natural gas traders for weekend through Tuesday delivery saw no immediate need to commit to four-day deals and prices oscillated a few pennies on either side of unchanged.

It may have been a short three-day trading week, but you would never have known it from the size of the weekly gains. All but one point followed by NGI romped higher by double-digits, and the NGI Weekly Spot Gas Average jumped 41 cents to $2.70.

October natural gas is set to open 5 cents higher Wednesday morning at $2.96 as traders discount moderating weather patterns and focus on a re-emergent bullish technical environment. Overnight oil markets eased.

September natural gas is expected to open 3 cents lower Friday morning at $2.80 as traders discount the extreme storage report of Thursday and concentrate on static supply levels. Overnight oil markets retreated.

Spot natural gas for delivery Wednesday moved little in Tuesday’s trading as moderate strength in the Gulf, Midcontinent, and Midwest was mostly able to offset weakness at eastern points. The NGI National Spot Gas Average rose 2 cents to $1.90.

Spot natural gas for delivery Wednesday moved little in Tuesday’s trading as moderate strength in the Gulf, Midcontinent, and Midwest was mostly able to offset weakness at eastern points. The NGI National Spot Gas Average rose 2 cents to $1.90.

May natural gas is expected to open 3 cents lower Thursday morning at $2.01 as traders largely discount what is expected to be a bullish government inventory report. Overnight oil markets rose.