September natural gas futures were set to open Wednesday about 2.0 cents lower at around $2.939 as weather guidance overnight continued to advertise cooler medium-range trends in the forecast for the East.
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Forecasts Remain Mild, Yet November Seen 3 Cents Higher
November natural gas is set to open 3 cents higher Friday morning at $3.02 as weather forecasts retain their overall theme of warmth with only minor changes. Overnight oil markets surged.
Technical Picture Improving But Traders Cautious; September Called 4 Cents Higher
September natural gas is set to open 4 cents higher Tuesday morning at $3 as traders see an improved technical picture and attempt to rationalize unsupportive weather. Overnight oil markets were narrowly mixed.
Spec Shorts in Play; September Seen 4 Cents Lower
September natural gas is expected to open 4 cents lower Friday morning at $2.76 as traders looking out towards mid-month see temperatures still trending cooler. Overnight oil markets were narrowly mixed.
Traders Still Digesting Major Cooling; September Called 2 Cents Lower
September natural gas is expected to open 2cents lower Wednesday morning at $2.80as traders factor in an ongoing cooling trend in near-term weather forecasts. Overnight oil markets were narrowly mixed.
Traders Have $2.65 In Sight, Yet September Called A Penny Higher
September natural gas is set to open a penny higher Tuesday morning at $2.80 as traders see only minimal changes to the temperature forecasts and mull an ongoing storage surplus contraction. Overnight oil markets retreated.
Cool Temperatures Soften Natgas; August Called 3 Cents Lower
August natural gas is expected to open 3 cents lower Monday morning at $2.94 as overnight weather models lower temperature forecasts to seasonal levels. Oil markets were narrowly mixed.
Futures Testing Recent Support; August Called A Nickel Higher
August natural gas is expected to open 5 cents higher Thursday morning at $2.89 as weather models turned slightly more constructive overnight. Petroleum markets rose.
First Half of June Seen Cool; July Called Down 12 Cents
July natural gas is expected to open 12 cents lower Tuesday morning at $3.19 as traders are forced to digest weather forecasts calling for cooling right at the time when summer power generation demand normally kicks in. Overnight oil markets retreated.
Traders Await Supportive Storage Stats; June Called A Penny Higher
June natural gas is set to open a penny higher Thursday morning at $3.22 as traders put the pencil to expected government storage figures that are anticipated to show a continuing tight market relative to longer-term historical averages. Overnight oil markets eased.