Despite the nearly nationwide warm-up expected for the Jan. 18-22 week, the February natural gas futures contract departed from Thursday’s weakness to probe the upside Friday. The prompt-month contract traded into the low $5.70s before closing the regular session at $5.691, up 10.3 cents from Thursday’s finish but 5.8 cents lower than the previous week’s close.
Upside
Articles from Upside
Futures Rally Hits Stumbling Block at $5.30
Not satisfied with the nine-month high notched on Tuesday, November natural gas futures continued to press the upside for a majority of Wednesday’s regular session before collapsing in afternoon trade to close at $5.100, down 6.1 cents from Tuesday’s finish.
October 22, 2009
Futures Inch Higher But Downside Remains Open, Trader Says
October natural gas futures continued to probe upside resistance after the long holiday weekend, but for at least one market observer, the move higher “lacked enthusiasm.” The front-month contract climbed 7.9 cents Tuesday to close at $2.807.
September 9, 2009
Bulls Take Foot Off the ‘Gas’ Ahead of Fresh Storage News
June natural gas and crude futures took another break from the upside Wednesday as light profit-taking was observed and traders prepared for what will likely be another bearish natural gas storage report Thursday morning for the week ending May 8. Prompt-month natural gas dropped 11.6 cents to close Wednesday’s regular session at $4.333.
May 14, 2009
Bulls Show Stamina Friday as Futures Finish Higher
Proving that Thursday’s explosion to the upside was less of an aberration than many had expected, the rally in natural gas futures showed some staying power Friday as the April contract closed at $4.227, up 5.3 cents from Thursday and 29.5 cents higher than the previous week’s finish.
March 23, 2009
Futures Test Parameters to No Avail, Settle Pennies Lower
After testing the lower end of the recent range in natural gas futures on Monday, traders on Tuesday decided to give the upside a go as the March contract put in a high of $4.715 during the regular session before closing at $4.513, down 4.4 cents from Monday’s close.
February 4, 2009
Traders Monitor the Atlantic as Futures Gain Just Over a Nickel
Coming off last week’s $1.673 drop in August natural gas futures, traders on Monday proved unsure of their next move as both the upside and downside of the front-month position was probed during the regular session. The prompt-month contract bounced between $11.845 and $12.137 before coming to a close at $11.959, up 5.5 cents over Friday’s finish.
July 15, 2008
Bulls Can’t Hold Early Gains; Futures Close Lower
Falling into a rather well worn pattern, June natural gas futures Thursday expanded the upside of the recent move by a few pennies before crashing back down to earth. The prompt-month contract notched a $11.428 high in the minutes that immediately followed the natural gas storage report’s release before retreating to close at $11.263, down 6.4 cents from Wednesday.
May 9, 2008
Oil Patch Exporters Shiver as Loonie Soars Above U.S. Dollar
On an international natural gas market turned upside down by the fall of the American dollar, Canadians are calling US$100/bbl oil nothing to get excited about except as potentially bad news.
November 12, 2007
Oil Patch Exporters Shiver as Loonie Soars Above U.S. Dollar
On an international natural gas market turned upside down by the fall of the American dollar, Canadians are calling US$100/bbl oil nothing to get excited about except as potentially bad news.
November 12, 2007
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