Continuing its divergent path from the petroleum futures complex, July natural gas on Monday retreated as August crude explored north of $60/bbl. Looking at expiration at the end of business Tuesday, the natural gas prompt month traded as low as $7.12 on Monday before settling at $7.138, down 22.2 cents from Friday’s settle.
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NatGas Futures Shed 11.3 Cents as Crude Continues Climb
Taking a divergent path from crude, July natural gas futures explored lower on Friday, reaching a low of $7.28 before settling at $7.36, down 11.3 cents from Thursday’s settle and 33 cents lower than the prior Friday’s close.
Idea of RTOs Serving as New Regional Reliability Entities Gets Thumbs Down
The idea of allowing regional transmission organizations (RTOs) to also serve as regional reliability entities that would be formed under pending comprehensive energy legislation on Capitol Hill drew several negative reviews from power industry participants at a gathering in Washington, DC, on Tuesday.
Monday’s a Wash After Futures Fail to Stay Below $6
Looking to bust out of the $5.95 to $6.27 trading range, traders of March natural gas futures explored lower on Monday, breaking below the psychological $6 barrier once again. Despite reaching a low of $5.97, the prompt month climbed in the afternoon to settle at $6.093, unchanged from Friday’s close.
Futures Await Fresh Storage News to Make Next Move
Trying to expand upon the upward momentum from Tuesday, March natural gas futures explored higher Wednesday morning. However, after bumping up against the $6.26 level, the prompt month retreated, locating support at $6.10 before settling at $6.165, relatively unchanged from Tuesday.
Futures Fall on Technicals, Petroleum Sympathy
Trading on technical factors and influence from the liquid hydrocarbons, December natural gas futures explored lower on Tuesday. The prompt month notched a low on the day of $8.46 before settling at $8.567, down 15.3 cents on the session.
Futures Fall on Technicals, Petroleum Sympathy
Trading on technical factors and influence from the liquid hydrocarbons, December natural gas futures explored lower on Tuesday. The prompt month notched a low on the day of $8.46 before settling at $8.567, down 15.3 cents on the session.