August natural gas is set to open 5 cents lower Tuesday morning at $2.70 as traders have no new weather information to focus on and petroleum markets continue to weaken.
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Traders See Hedging Opportunity; August Called A Nickel Higher
August natural gas is set to open 5 cents higher Monday morning at $2.85 as traders see no let-up in the pervasive heat and expected elevated levels of demand going forward. Overnight oil markets were mixed.
July Set to Go Out With A Bang, Called 10 Cents Higher
The expiring July natural gas futures contract is expected to open 10 cents higher Tuesday morning at $2.82 as weather forecasts shift to a re-emergence of warmer than normal patterns across much of the country. Overnight oil markets rebounded.
Despite Cold, NatGas Supplies Still Plump; February Called 4 Cents Lower
February natural gas is set to open 4 cents lower Wednesday morning at $2.33 as traders consolidate positions following two days of double-digit advances and also assess the longer-term supply outlook. Overnight oil markets retreated.
Temperature Outlook More Seasonal; January Called 8 Cents Higher
January natural gas is expected to open 8 cents higher Monday morning at $2.11 as the parade of unseasonably warm weather forecasts has abated and market technicians see a case for a market bottom. Overnight oil markets fell.
Bulls Can’t Escape Mild Temperature Forecasts; January Called 3 Cents Lower
January natural gas is set to open 3 cents lower Wednesday morning at $2.20 as forecasters continue to see no immediate link to market-moving cold Canadian air trapped at higher latitudes. Overnight oil markets eased.
Traders See Thinner Supplies; December Called 2 Cents Higher
December natural gas is set to open 2 cents higher Friday morning at $2.38 as traders go back to their spreadsheets and ratchet down season-ending inventory expectations. Overnight oil markets were mixed.
Minor Weather Changes Noted, Yet November Seen 4 Cents Higher
November natural gas is set to open 4 cents higher Tuesday morning at $2.48 in spite of only minor adjustments to near-term weather outlooks and a looming record storage inventory. Overnight oil markets gained.