November natural gas is set to open 2 cents lower Wednesday morning at $2.94 as cooling and heating load are still predicted to be well below normal. Overnight oil markets rose.
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Risk Managers Looking to Establish Hedges; October Called 4 Cents Lower
October natural gas is set to open 4 cents lower Monday morning at $2.91 as traders discount ongoing expectations of warm weather and look for a spot to initiate short producer hedges. Overnight oil markets were mixed.
Supportive Cooling Trend Seen; June Called A Penny Higher
June natural gas is expected to open a penny higher Wednesday morning at $1.99 as traders attach little significance to Tuesday’s breach of $2 and concentrate on near-term weather-driven demand. Overnight oil markets were mixed.
Traders See Time For Long Hedges; June Seen 5 Cents Higher
June natural gas is set to open 5 cents higher Monday morning at $2.11 as forecasters are calling for the season’s first major warm event and traders suggest implementing long hedges. Overnight oil markets fell.
Near-Term Weather Seen Bearish; October Called 3 Cents Lower
October natural gas is expected to open 3 cents lower Wednesday morning at $2.70 as traders take on some moderately bearish weather headwinds and anticipate Thursday’s storage report. Overnight oil markets rose.
Weather Outlook ‘Steady as She Goes;’ November Called Flat
November natural gas is set to open unchanged Monday morning at $3.86 as traders can find no significant change in moderate near-term weather outlooks. Overnight oil markets plummeted once again.
Weather Forecasts Holding; October Called A Penny Lower
October natural gas is expected to open a penny lower Wednesday morning at $3.97 as traders see no changes to near-term temperature outlooks and anticipate a plump addition to storage inventories. Overnight oil markets were mixed.
Futures Stay Within Recent Trading Range; September Called 4 Cents Lower
September natural gas is set to open 4 cents lower Wednesday morning at $3.84 as prices remain confined to a trading range and traders factor in weather reports showing a cooling pattern emerging later within the next 20 days. Overnight oil markets rose.
Series of Triple-Digit Builds Seen Intact; July Called A Penny Higher
July natural gas is expected to open a penny higher Thursday morning at $4.67 as traders hone their short-term trading algorithms and prepare for a government storage report that is expected to continue the trend of triple-digit inventory builds. Overnight oil markets were mixed.
Warmth Seen in South, Texas; June Called Unchanged
June natural gas is set to open unchanged Tuesday morning at $4.80 as traders look to see if emerging cooling load can enable June to hold the pivotal $4.80 level and perhaps move higher. Overnight oil markets rose.