In fairly muted summer trading, natural gas futures traders began this week much as they had last week as the August contract traveled a narrow 10-cent range before closing the regular session slightly lower. The prompt-month contract stayed between $4.454 and $4.555 before finishing at $4.510, down nine-tenths of a penny from last Friday’s close.
Muted
Articles from Muted
Futures Drop a Few Pennies, But ‘Major’ Support Looms
Perhaps pondering its Thursday expiration, the September natural gas futures contract traded in a muted range on Tuesday as fundamentals remained bleak and technical support remained rigid. The prompt-month contract closed out the regular session at $2.882, down 4.1 cents from Monday’s finish.
August 26, 2009
NatGas Adds a Few Pennies While Crude Drops a Couple of Bucks
Natural gas futures activity on Tuesday was muted as the November contract traded within a slim 20-cent range between $6.837 and $6.643 before closing the regular session at $6.727, up 3.9 cents from Monday’s finish.
October 15, 2008
Futures Spiral Stalls Going into ‘Quasi-Holiday’
With most traders starting their Independence Day holiday early, August natural gas futures trading on Tuesday was mostly muted. The prompt month traded within a slim 11.5-cent range before settling at $6.754, down a penny on the day. Whether this week’s slowdown of the recent price drop is due to anything other than pre-holiday trading remains to be seen.
July 5, 2007
Storage Injections Ramp Up; Drive Futures Below $5.00
After experiencing muted price moves for more than a week, the natural gas futures market tumbled to new three-month lows Thursday as traders digested the latest in a recent string of bearish storage reports. The Energy Information Administration’s (EIA) weekly storage report featured a larger-than-expected 37 Bcf storage injection.
April 4, 2003
Most Points Soften in Muted Post-Holiday Trading
Much of the North American market seemed to be joining theCanadians in still being on holiday Tuesday. In very subduedactivity scattered points (mostly in the California/PacificNorthwest region) registered upticks, but most ranged from mildlysofter to down as much as about $3.50 at the Chicago citygate.
December 27, 2000
Reaction to Northeast Heat Muted; West Soars Back
Despite the return of hot weather alerts and temporary voltagereductions among Northeast electric utilities Monday, spot gasprices found it tough going to build much further on Friday’smoderate gains. Gas demand was fairly strong, sources said, butnot big enough to boost prices any more than 1-2 cents at citygatesand in the Gulf Coast production area. In fact, several Gulf pointsturned in flat performances.
July 20, 1999
Bulls Enthusiasm Muted by Friday’s Retracement
The futures market gave back a portion of recent gains on Fridayas traders covered fresh long positions ahead of the weekend. TheOctober contract was dealt the largest losses, slipping 8 cents tosettle at $1.878. November, which has been tracking nearly pennyfor penny with October was somewhat immune to the decline, losingonly 4.6 cents to $2.161.
September 14, 1998
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