May natural gas is expected to open a penny higher Tuesday morning at $2.66 as traders factor in a slight cool tweak to the April forecast. Oil markets overnight weakened.
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Deficit Reduction Still In Play; September Called 4 Cents Lower
September natural gas is expected to open 4 cents lower Friday morning at $3.80 as traders mull continued storage deficit reduction and ongoing weakness in the financial sector. Overnight oil markets fell.
Bears On the Bench Before Long Weekend; June Called Up 2 Cents
June natural gas is set to open 2 cents higher Friday morning at $4.38 as traders see bears unwilling to add additional short positions before the extended holiday weekend. Overnight oil markets rose.
Technicians Looking to Sell; June Called 2 Cents Higher
June natural gas is set to open 2 cents higher Tuesday morning at $4.49 as traders balance expectations of a plump gas storage injection report on Thursday with the outlook for above-normal temperatures in major energy markets next week. Overnight oil markets were narrowly mixed.