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After trading down to under $2.50 per MMBtu for the first time since 2016, the price of natural gas futures on NYMEX ran out of selling, and the price rallied to almost $2.70 over recent sessions. Natural gas is combustible in its physical form, and the price of the energy commodity can be one...
This report covers the week ending May 17, 2019. Total Demand We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 558 bcf for the week ending May 17 (up 1.4% w-o-w and up 6.1% y-o-y). The deviation from the norm remained positive, but incre...
The Energy sector ranks sixth out of the 11 sectors as detailed in our Q2'19 Sector Ratings for ETFs and Mutual Funds report. Last quarter , the Energy sector ranked fifth. It gets our Neutral rating, which is based on an aggregation of ratings of the 176 stocks in the Energy sector. See a ...
TRADING POSITIONS We have slightly reduced our short exposure earlier today, but we are not adding any new long positions (just yet). So far, the return on invested capital in May has been 4.70% in futures and 6.0% in ETNs (see the tables below). THE WEATHER Last week, the number of ...
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for February 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for March and April and conclude with our latest forecast for May, ...
TRADING VIEW We have slightly reduced our long exposure earlier today, but we remain net-long (in June and July contracts) and we will continue to buy the dips at lower prices. However, we do not expect to see any strong bearish or bullish trends this injection season. We continue to emanc...
This report covers the week ending May 3, 2019. TOTAL DEMAND We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 596 bcf for the week ending May 3 (up 10.2% w-o-w and up 13.2% y-o-y). The deviation from the norm remained positive and incre...
The EU will seek to increase its imports of liquefied natural gas from the U.S. to 8B cubic metres per year by 2023, more than double the level of 2018, according to the European Commission. More news on: The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Velo...
The withdrawal season is over. May contract will expire tomorrow and, increasingly, natural gas trading will be getting less weather-dependent and more price-dependent. Therefore, we thought it was the right time that we relaunch our regular monthly series focusing on natural gas usage in the ...
Trading View As many of you know, we started to look for opportunities to go long natural gas once its price fell below $2.600 per MMbtu (see this article from April 17). In retrospect, it is clear that we entered the bulls' camp to early. Thankfully, we started with a small position, an...
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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...