July natural gas is expected to open flat Wednesday morning at $2.70 as traders attempt to reconcile decidedly bearish fundamental factors against a nascent bullish technical argument. Overnight oil markets plunged.
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Technicians Awaiting Market Rally, Yet July Called Unchanged
July natural gas is expected to open flat Wednesday morning at $2.70 as traders attempt to reconcile decidedly bearish fundamental factors against a nascent bullish technical argument. Overnight oil markets plunged.
Producers Packing in The Gas; June Called 4 Cents Lower
June natural gas is expected to open 4 cents lower Thursday morning at $2.57 as traders not only estimate that government supply data will be well above historical averages, but also sense that industry estimates may be low of the mark. Overnight oil markets rose.
Producers Packing in The Gas; June Called 4 Cents Lower
June natural gas is expected to open 4 cents lower Thursday morning at $2.57 as traders not only estimate that government supply data will be well above historical averages, but also sense that industry estimates may be low of the mark. Overnight oil markets rose.
Overall Balance Offsets Weak East; Futures Notch One-Month High
Natural gas prices for Friday delivery overall on average shed a penny Thursday. Traders generally elected to get their deals done before the typically volatile futures trading associated with the release of morning storage report.
Futures Up Again After Supportive Storage Data As Cash Sags
Undeterred by the formation of Tropical Storm Erin off the coast of Africa, physical natural gas prices on Thursday for Friday delivery slumped across much of the country, except for much of California, which saw individual points rise from a penny to a nickel.