Choppy

Stout Production Aiding Decline, Analyst Says; January Off 17.6 Cents

January natural gas futures fell in erratic, choppy trading Monday as analysts see continued weakness stemming from ample supplies and fickle cold weather. The January contract fell 17.6 cents to $5.566 and February lost 15.5 cents to $5.612. January crude oil rose $2.90 to $43.71/bbl.

December 9, 2008

Futures Rally on Bullish Weather; Technical System Points Higher

Choppy trading continued Monday in natural gas trading at the New York Mercantile Exchange as the market rebounded to take back a portion of Friday’s post-holiday and pre-weekend sell-off. At $6.604, the January contract gained 9.4 cents to close just off its $6.645 high for the session.

December 2, 2008

Canadian Report Says Risks Facing LNG Tankers Can Be Mitigated

A study commissioned by the Canadian government concludes that the passage of liquefied natural gas (LNG) tankers through the choppy waters of Passamaquoddy Bay, which straddles the US.-Canadian border, would involve a “considerable level of risk,” but it said that mitigation measures could significantly lower that risk.

October 8, 2007

Downeast LNG Says Canadian Report Lacks Fodder for Opponents

The recent Canadian government-commissioned study on the impacts of liquefied natural gas (LNG) tanker traffic in the choppy waters of Passamaquoddy Bay does not provide any fodder for the opponents of the Downeast LNG project proposed for Maine, said the company’s president.

October 5, 2007

Canadian Report Says Risks Facing LNG Tankers Can Be Mitigated

A study commissioned by the Canadian government concludes that the passage of liquefied natural gas (LNG) tankers through the choppy waters of Passamaquoddy Bay, which straddles the US.-Canadian border, would involve a “considerable level of risk,” but it said that mitigation measures could significantly lower that risk.

October 3, 2007

Futures Finish Higher In Choppy Trading Session

Fueled by the first real blast of warm air of the cooling season, natural gas futures prices rallied and retreated Monday as traders alleviated oversold conditions and then turned and took profits. Local traders were active in the price movement, adding liquidity and volatility to the gas pit at Nymex.

June 24, 2003

In Another Wild One, Futures Market Gyrates Sideways

In another session marked by choppy trading activity, natural gas futures shuffled sideways Friday as bullish technicians and bearish analysts clashed in the court of industry opinion. And while each trading faction had its moments, little was resolved by Friday’s $6.51 close, which was down just 1.1 cents for the session and near the middle of the market’s wide $6.350-625 daily trading range.

June 9, 2003

Without Fundamental or Technical Consensus, Futures Continue Choppy Trade

Rebounding from the 18-cent setback suffered by the market Friday, natural gas futures rebounded Monday as technical bullishness mixed with sympathy buying following the run-up in crude oil futures. In a mirror image to Friday’s session when prices shuffled lower throughout the day, Monday’s natural gas trading action saw its highest prices near the 2:30 p.m. EDT closing bell.

March 25, 2003

Choppy Trading Does Little to Dissuade Increasing Bullish Sentiment

Almost exactly as it did Friday, natural gas futures opened higher, but ultimately tumbled lower Monday as technical factors and scale-up selling dictated the trading action. The August contract finished at $2.947, up 1.4 cents for the day, but more than a nickel below its mid-morning high at $3.00. Volume was heavy with an estimated 108,301 contracts changing hands.

July 23, 2002

Choppy Trading Does Little to Dissuade Increasing Bullish Sentiment

Almost exactly as it did Friday, natural gas futures opened higher, but ultimately tumbled lower Monday as technical factors and scale-up selling dictated the trading action. The August contract finished at $2.947, up 1.4 cents for the day, but more than a nickel below its mid-morning high at $3.00. Volume was heavy with an estimated 108,301 contracts changing hands.

July 23, 2002
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