October natural gas is set to open unchanged Tuesday morning at $3.14 as traders digest Monday’s gains and look for a spot to sell. Overnight oil markets advanced.
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Bulls Take A Breather; June Seen Unchanged
June natural gas is set to open flat Friday morning at $3.37 as traders hold on to short positions and mull a softer cash market. Overnight oil markets inched higher.
Traders Biding Their Time; June Called Flat
June natural gas is expected to open unchanged Tuesday morning at $3.21 as traders attempt to navigate a directionless market while weather forecasts call for cooler conditions and heating loads to be above seasonal norms. Overnight oil markets rose.
Traders Eyeing Sell Side of Market; June Called A Penny Higher
June natural gas is expected to open a penny higher Friday morning at $3.25 as traders await higher prices to initiate short positions. Overnight oil markets rose.
Longer-Range Weather Forecasts Steady; March Rebounds 5 Cents
March natural gas is expected to open 5 cents higher Wednesday morning at $2.95 as traders note little change in more deferred temperature outlooks. Overnight oil markets eased.
Heating Demand Now Seen Greater Than Cooling Load; October Called 3 Cents Higher
October natural gas is set to open 3 cents higher Monday morning at $2.99 as traders adjust their weather forecasts to incorporate greater heating demand. Overnight oil markets rose.
Traders Holding Short Hedges; September Called 3 Cents Lower
September natural gas is set to open 3 cents lower Monday morning at $2.85 as traders look at attractive hedging and selling opportunities and weather forecasts warm. Overnight oil markets fell.
California Heat On Tap; July Called A Nickel Higher
July natural gas is set to open 5 cents higher Tuesday morning at $2.22 as traders see large speculative holdings reconsidering their portfolio of short positions and the first heat wave of the season makes its debut. Overnight oil markets were mixed.
Fund Shorts Reasserting Themselves; March Seen 11 Cents Lower
March natural gas is set to open 11 cents lower Tuesday morning at $2.04 as once again, weather forecasts could not ascertain any market-moving cold and fund managers covet the short side of the market. Overnight oil markets collapsed.
Sub $2 Futures Seen, But February Called 2 Cents Higher
February natural gas is expected to open 2 cents higher Friday morning at $2.16 although market observers suggest maintaining a short position. Overnight oil markets surged.