September natural gas futures values plumbed lower prices on Wednesday before coming rebounding to close the regular session at $4.326, up 2.9 cents from Tuesday’s finish. The price action occurred as Tropical Depression 5 became disorganized and dissipated in the northern Gulf of Mexico as it headed northwest toward the southeastern Louisiana coast.
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Articles from Plumbed
Futures Bounce Following $2.40 Test Despite $1.84 Hub
October natural gas futures plumbed new depths in the $2.40s in early Friday trade before taking a significant bounce during the day’s regular session to close at $2.728, up 22 cents from Thursday’s regular session close but 30.5 cents lower than the previous week’s finish.
September 8, 2009
Futures Dig New Lows; Could a $2 Handle Be Next?
With traders eyeing the continued deterioration of the natural gas technical and fundamental environment, May futures on Friday plumbed new lows for the move, further exposing the possibility of a breach of the $3 price level. The prompt-month contract ended Friday’s regular session at $3.297, down 11.2 cents from Thursday’s finish and a whopping 43.2 cents lower than the previous week’s close.
April 27, 2009
Futures Trade in Wide Range as Storm Probability Debated
October natural gas futures traded in a wide range on Tuesday as bears plumbed support lines before the contract rallied back in the afternoon. The prompt month traded between $6.195 and $6.570 before settling at $6.568, down 8.5 cents from Monday’s close.
September 19, 2007
Futures Inch Lower Wednesday; Broker Expects More to Come
Coming off of Tuesday’s 13.1-cent climb, April natural gas futures got back to the downward trend Wednesday as it plumbed new lows for the move. After carving out a new low at $6.450 in morning trade, the prompt month rebounded in the afternoon to settle at $6.648, down 3 cents on the day.
March 9, 2006
Futures Drop 47 Cents on Another Record Storage Injection
Natural gas futures plumbed new seven-week lows Thursday following the news that a stunning 127 Bcf was injected into underground storage facilities last week. Within five minutes of the 10:30 a.m. EDT report, the July contract free-fell 20 cents to $5.42. It moved lower and sideways for the rest of the session until a round of market-on-close selling put the nail in the coffin. July went off the board at $5.291, down 46.6 cents for the session and 65.4 cents below the June contract’s final resting place of $5.945.
June 27, 2003
Futures: Storage Supplants Storms as Bullish Factor
What a difference a week can make. After watching helplessly asprices plumbed fresh two and a half months lows last Wednesday,bulls at Nymex were back at the helm yesterday and with the help ofa neutral to slightly bullish storage report were successfuldriving prices up 5.7%. The prompt month experienced it secondstraight advance of more than 20-cents, bubbling 22.7 cents higherto finish at $4.214.
August 3, 2000
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