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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Futures Inch Lower Despite Heat, Gulf Storm System
September natural gas futures traded in a 10-cent range on Tuesday between $4.276 and $4.370 before closing the regular session at $4.297, down 1.2 cents from Monday’s finish.
Futures Reach Two-Month Low as Supply Continues to Trump Demand
Natural gas futures market weakness continued to reign on Monday as the prompt-month contract recorded a two-month low before closing out the regular session at $4.309, down 15.8 cents from Friday’s finish.
Futures Sink as Rigs Hit 17-Month High
The natural gas futures market’s bearish momentum Thursday spilled over into Friday as the September contract recorded a low of $4.456 before closing the regular session at $4.467, down 13.1 cents from Thursday’s close and 45.6 cents lower than the previous week’s finish.
Futures Add 8 Cents, But Market Still Seen as Range-Bound
After trading in another fairly tight trading range of 15 cents on Tuesday, the August natural gas futures contract ended the regular session up 8 cents at $4.590 as traders monitored warmer-than-normal temperatures and some storm activity in the tropics.
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.
Quiet Summer Session Leaves Futures 1.4 Cents Lower
After trading in a narrow 10-cent range during Monday’s regular session, August natural gas futures closed the quiet day at $4.388, down 1.4 cents from last Friday’s finish. However, the serenity might not last as some market watchers see indications that the funds might be mobilizing to sell.
Despite Heat, Support Failure Puts Bulls’ Case on Ice
While not much was decided on Friday as the August natural gas futures contract trolled lower before closing the regular session nearly unchanged, the damage was done earlier in the week when the prompt-month contract failed to break above $4.900 and instead broke support at $4.500. After reaching a low of $4.339 on Friday, the August contract closed the day at $4.402, up three-tenths of a penny from Thursday’s close but 28.5 cents south of the previous week’s finish.
May Futures Rebound in First Regular Session in the Limelight
Setting a different tone than the prior front-month contract, May natural gas futures in their first regular session action on Tuesday probed higher price levels, recording a high of $3.990 before closing the day at $3.973, up 5.7 cents from Monday’s finish.
May Futures Rebound in First Regular Session in the Limelight
Setting a different tone than the prior front-month contract, May natural gas futures in their first regular session action on Tuesday probed higher price levels, recording a high of $3.990 before closing the day at $3.973, up 5.7 cents from Monday’s finish.