December natural gas is expected to open 7 cents lower Friday morning at $2.19 as the technical picture continues to deteriorate and winter cold has yet to appear in forecasts. Overnight oil markets rose.
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Further Gains Limited, Analyst Says; November Called 2 Cents Lower
November natural gas is set to open 2 cents lower Tuesday morning at $2.51 as traders factor in a slight warming trend. Overnight oil markets were narrowly mixed.
Fundamentals, Technicals Eroding; October Called A Penny Lower
October natural gas is expected to open a penny lower Friday morning at $2.64 as fundamental and technical analysts sense a deteriorating environment and the market remains in its seasonal low-price window. Overnight oil markets slipped.
Bulls, Bears Go Toe to Toe, But Market Barely Budges; August Called 3 Cents Lower
August natural gas is expected to open 3 cents lower Tuesday morning at $2.78 as traders see marginally cooler trends in near-term weather forecasts and maintain a bearish posture. Overnight oil markets rose, and equity markets recovered somewhat from Monday's free-fall.
Bulls, Bears Go Toe to Toe, But Market Barely Budges; August Called 3 Cents Lower
August natural gas is expected to open 3 cents lower Tuesday morning at $2.78 as traders see marginally cooler trends in near-term weather forecasts and maintain a bearish posture. Overnight oil markets rose, and equity markets recovered somewhat from Monday’s free-fall.
Bearish Thoughts Tempered as Storage Begins Fill; May Seen Up 2 Cents
May natural gas is expected to open 2 cents higher Friday morning at $2.55 as traders caution against further aggressive selling with prices close to three-year lows. Overnight oil markets were mixed.
Traders Rethinking Storage; April Called A Penny Lower
April natural gas is expected to open a penny lower Wednesday morning at $2.78 as traders factor in a slight warming trend and recalculate storage. Overnight oil markets rose.
Near-Term Weather Frostier; March Seen Up 3 Cents
March natural gas is expected to open 3 cents higher Tuesday morning at $2.63 as traders note some positive adjustments to near-term temperature outlooks. Overnight oil markets rose.
Major Cold Incursion Seen; December Called 15 Cents Higher
December natural gas is set to open 15 cents higher Monday morning as key weather models trended sharply colder. Overnight oil markets gained.
Technicians See Market Near Support; October Called a Penny Lower
October natural gas is set to open a penny lower Thursday morning at $3.84 as traders prepare for a government storage report that is expected to be one of the thinner ones of the injection season but well above historical averages. Overnight oil markets worked lower.