Technical market indicators suggest a bottom could be near for the newly anointed prompt-month June futures contract on the New York Mercantile Exchange (Nymex). June futures settled down 6.3 cents at $1.923/MMBtu on Friday (April 26). On Monday, the contract’s first day in the lead position, losses were reversed as June increased 10.7 cents to…
El Nino
Articles from El Nino
Natural Gas Futures Slip As Early Strength Fades, Stout Supply Worries Continue; Cash Prices Fall
Natural gas futures fell for a fourth session Tuesday after an early move higher fizzled. Bulls were undermined by last week’s bearish storage injection still looming large, as well as another production record Monday and weather models’ fickle hot-and-cool wavering about next week’s cold. At A Glance: December contract sheds 3.6 cents January contract settles…
November 21, 2023
Natural Gas Futures Flop as Production Jumps, Weather Demand Eases; Spot Prices Rebound
Natural gas futures fell on Monday for a fourth consecutive session, succumbing to shifts in fundamentals as production jumped to record levels and forecasts showed fading weather demand in the back half of October. At A Glance: Benign conditions spread Production tops 103 Bcf/d NGI models 79 Bcf injection Coming off a 10.8-cent drop on…
October 16, 2023
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
