Most locations recorded price increases — a majority of them in double digits — Monday as frigid conditions were forecast in most of Canada and the U.S. Some low-linepack issues and wellhead freezeoffs contributed to firmness in the West, and the return of industrial load from a longer-than-usual holiday weekend was also a bullish factor. But the previous Wednesday’s 0.3-cent gain by expiring December futures was considered insignificant.
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Articles from Recorded
Cold, Bullish Storage Estimates Lead Futures North of $4…Again
Natural gas futures pushed higher on Wednesday amidst forecasts for colder temperatures and expectations that the United States might have recorded its first storage gas withdrawal of the winter heating season last week.
November 18, 2010
Rally Runs Its Course as Futures Drop 20 Cents
Natural gas futures traders put the brakes on last week’s late rally as the December contract on Monday recorded a low of $3.825 before closing out the regular session at $3.832, down 20.6 cents from Friday’s finish.
November 2, 2010
Futures Inch Higher as Bottoming Pattern Debated
Taking a break from notching new 13-month lows, November natural gas futures on Tuesday — one day ahead of expiration — recorded a low of $3.263 before closing the regular session at $3.354, up 3.7 cents from Monday’s finish.
October 27, 2010
Futures Support at $4 Holds Again, But for How Long?
Natural gas futures traders continued to probe $4 support on Tuesday as the September contract recorded a low of $4.027 before closing at $4.039, down 2.7 cents from Monday’s finish.
August 25, 2010
Futures Still Bearish Despite Addition of A Few Pennies
Coming off a new low for the move of $4.182 on Monday, September natural gas futures recorded a low of $4.186 on Tuesday before rebounding to close at $4.267, up 3.9 cents from the previous day’s finish.
August 18, 2010
Futures Inch Lower a Third Consecutive Day
Natural gas futures traders on Wednesday continued to chip away at the downside as the August contract recorded a low of $4.303 before closing the day’s regular session at $4.306, down 4.8 cents from Tuesday’s finish.
July 15, 2010
All-Points Increases Strongest in Torrid Northeast
Despite the pre-holiday weekend drop of 16.7 cents by August futures, prices recorded gains across the board Tuesday that were mostly in double digits. Although an early-week heat wave along the East Coast was due to start receding a bit Wednesday, temperatures would remain pretty warm, and one source suggested that end-users and utilities may have bought extra gas to make up for imbalances caused by highs that neared 100 Monday and Tuesday in such places as New York City.
July 7, 2010
Technicals Put Futures Close to ‘Bull Market’ Signal
Natural gas futures continued to test the upside Friday after support at $4 held earlier in the week. The July contract recorded a high of $4.399 before closing Friday’s regular session at $4.341, up 4.7 cents from Thursday’s finish and 23.5 cents higher than the previous week’s close.
June 1, 2010
Traders Eulogize Winter as Futures Close Just Below $4.60
Front-month natural gas futures put in a new low for the larger down move on Friday as the April contract recorded a $4.540 trade before going on to settle at $4.593, up 1.8 cents from Thursday’s finish but 22 cents below the previous week’s close.
March 8, 2010
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