natural gas forecast

Aside from moderating premiums in western markets, natural gas forwards marched higher during the June 10-16 trading period. Supply risks served to push July Nymex prices higher, while technical factors and a somewhat cooler look to the weather picture toward the back half of June helped limit gains. July fixed prices at Henry Hub surged…

Forecasts showing heat setting up over key demand regions in early June supported higher natural gas futures prices in early trading Wednesday. The expiring June contract was up 3.7 cents to $2.950/MMBtu at around 8:50 a.m. ET. July was up 3.0 cents to $3.004. The latest forecast from Bespoke Weather Services early Wednesday showed warmer…

A sharp drop in cooling demand expectations from forecasts over the weekend had natural gas futures tumbling in early trading Monday. The June Nymex contract was down 6.8 cents to $2.838/MMBtu at around 8:50 a.m. ET. Weather models over the weekend “abruptly shifted much cooler” by lowering cooling demand expectations for the eastern half of…

Cooler shifts in the latest weather data helped natural gas futures extend their recent upward momentum in early trading Wednesday. After adding 5.8 cents in the previous session, the May Nymex contract was trading 2.7 cents higher to $2.646/MMBtu at around 8:45 a.m. ET. Colder trends over the previous 24 hours from both the American…

Natural gas futures extended their recent gains in early trading Tuesday amid continued expectations for chilly temperatures over the next week and a half. After picking up 3.5 cents in the previous session, the May Nymex contract was up another 3.0 cents to $2.591/MMBtu at around 8:50 a.m. ET. The overnight run of the American…

Preserving most of the gains recorded in the previous session, natural gas futures hovered slightly below even early Friday as analysts continued to examine the balance implications of the latest government inventory report.  The April Nymex contract was down 1.5 cents to $2.555/MMBtu at around 8:50 a.m. ET. May was off 0.9 cents to $2.607.…

Continued expectations for mild temperatures later this month into early April saw natural gas futures reverse some of their gains from the previous session in early trading Tuesday. The April Nymex contract was down 2.6 cents to $2.556/MMBtu at around 8:50 a.m. ET. Overnight changes in the weather data included a loss of 13 heating…

As forecasts over the weekend lowered heating demand expectations into early April, natural gas futures fell in early trading Monday. After picking up 5.4 cents on Friday, the April Nymex contract was down 3.1 cents to $2.504/MMBtu at around 8:50 a.m. ET. Throughout last week, the April contract “repeatedly” tested support between $2.42 and $2.48,…