June natural gas is expected to open 3 cents higher Wednesday morning at $3.26 as traders focus on forecasts of higher 2017 prices more so than moderating weather outlooks. Overnight oil markets rose.
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Bearish Factors Aligning, Yet May Seen 2 Cents Higher
May natural gas is expected to open 2 cents higher Tuesday morning at $3.15 in spite of a weak weather landscape and a technical outlook that is losing some of its appeal. Overnight oil markets advanced.
Expiring April Futures Taking No Prisoners, Called 3 Cents Higher
The expiring April natural gas contract is expected to open 3 cents higher Wednesday morning at $3.13 as spot futures trade at a new high overnight and both technicals and fundamentals appear to be aligning in the bullish camp. Overnight oil markets rose.
Mega-Storage Draw On Tap; April Called 3 Cents Higher
April natural gas is set to open 3 cents higher Thursday morning at $3.04 in advance of government figures that are expected to show usage to be well above historical norms. Overnight oil markets were mixed.
Eastern Markets Seen Milder; March Called 6 Cents Lower
March natural gas is set to open 6 cents lower Tuesday morning at $3.17 as overnight near-term weather models showed significantly warmer conditions in eastern energy markets. Overnight oil markets rose.
Traders Looking to Go Long; February Called 12 Cents Higher
February natural gas is set to open 12 cents higher Tuesday morning at $3.22 as traders see limited downside risk and weather models hold steady. Overnight oil markets rose.
Weather Bulls Can’t Get A Break as Models Moderate; January Seen 4 Cents Lower
January natural gas is set to open 4 cents lower Tuesday morning at $3.35 as overnight weather runs show less cold and market technicians see further weakness. Overnight oil markets rose.
Market Flat Following Trump Victory; December Seen Vulnerable
December natural gas is set to open unchanged Wednesday morning at $2.63 as traders discount weather forecasts continuing to call for mild conditions with only brief interludes of cold. Overnight oil markets eased, and the Dow Jones Industrial Average fell 287 points following the election of Donald Trump as U.S. president.
December to Open Lower as Weather Models Vacillate
December natural gas is set to open 2 cents lower Friday morning at $2.75 as weather models find consistent solutions elusive and forecasters call for ongoing relative warmth. Overnight oil markets fell.
‘Overbought’ October Contract Seen A Penny Higher
October natural gas is expected to open a penny higher Thursday morning at $3.07 as season-ending supplies equal to last year seem to be slipping away. Overnight oil markets rose.