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Technicals On April 4, natural gas prompt month contract has broken below an ascending channel and an ascending wedge near 2.660 mark. It was a bearish move, which indicated that natural gas price could be heading towards 2.600 per MMbtu. Furthermore, there has been an inverse cup...
We are now at a critical time of the year in the natural gas market as withdrawals from storage in the US will shift to injections. The season where inventories decline lasts from November until March each year, and for the rest of the year, stockpiles tend to build to prepare for the next pea...
Next-day natural gas prices at the Waha hub in west Texas extend their slide into record negative levels , as spot prices fell to negative $3.38/MMBtu for Wednesday, easily beating the previous all-time next-day low of negative $1.99/MMBtu set last week . More news on: The United States ...
Conflicting Signals Today is a good day to write about contradictory signals in the natural gas market. Take the weather, for example. Over the past 24 hours, the short-range weather models have been giving some clear bullish signals. Yesterday, GFS 12z Ensemble added 18 bcf of potential n...
The price of natural gas at the Waha hub in west Texas’ Permian Basin registered a record low last Thursday of negative $2.50/MMBtu and closed at negative $1.95/MMBtu, meaning producers had to pay pipeline operators with capacity to take it away, Financial Times reports. More ne...
Friday, March 29, marked the end of the first quarter of 2019. While April begins on Monday and the showers of the month tend to bring May flowers, the cold of winter will start to fade in the market's rearview mirror over the coming days and weeks. In the natural gas market, the withdrawal se...
Trading View As many of you know, we have been bearish on the front-month contracts (April and May) since March 6 (see this article ). However, we have slightly reduced our short exposure earlier today. We remain net-short but decided to take some profit ahead of the EIA weekly storage re...
Natural gas is a seasonal commodity. The price typically moves to the upside in anticipation of the time of the year when demand increases during the winter months. In November 2018, the price of natural rose to its highest price since 2014 when it traded all the way up to $4.929 per MMBtu. Na...
This report covers the week ending March 22, 2019. Total Supply/Demand Balance We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 726 bcf for the week ending March 22 (up 3.0% w-o-w and up 4.9% y-o-y). The deviation from the norm remained p...
The Weather Last week, the number of heating degree-days (HDDs) plunged by 43.0% w-o-w, as weather conditions warmed up across the country. Heating demand was down 17% y-o-y. We estimate that total energy demand (as measured in total degree-days, or TDDs) was approximately 14% below last yea...
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2024-07-21 12:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-01 10:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-11 13:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...