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Since November 2018, over the past nine months, the price of natural gas futures that trade on the NYMEX division of the Chicago Mercantile Exchange traded from a high at $4.929 to a low at just under $2.11 per MMBtu. The peak came as the 2018 injection season came to an end and the low arrive...
The world's oil majors are feeling the heat from steadily shifting their investments toward natural gas, as weak gas pricing helped whack Q2 earnings at Exxon Mobil (NYSE: XOM ), Royal Dutch Shell (NYSE: RDS.A ) and Chevron (NYSE: CVX ), among others. More news on: Exxon Mobil Corporatio...
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for April 2019 , but traders are interested in more recent data and forecasts. In this article, we will briefly review our estimates for dry gas production for the months of May, June and Jul...
This report covers the week ending July 26, 2019. Total Demand We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 612 bcf for the week ending July 26 (down 5.3% w-o-w but up 1.9% y-o-y). The deviation from the norm remained positive, but d...
A hurricane barreling towards the Louisiana coast could not cause the price of natural gas futures to rise above the level of critical technical resistance at just over $2.50 per MMBtu on the August NYMEX futures contract. In 2017 and 2018 the low in the natural gas futures market was at jus...
Natural gas prices ( UNG -2.8% ) typically rise along with the heat of the summer, as demand from electricity plants surges to power air conditioners... but not this year, even as the heat wave in the eastern U.S. generated record consumption at power plants. More news on: The United Sta...
Technicals Technically, the mid-term trading bias is neutral. In the short term, as long as August contract price remains above $2.280 per MMBtu, the trading bias will be slightly bullish. A symmetrical triangle is providing dynamic support and resistance levels. An inverse cup and handle ...
After falling below the $2.15 per MMBtu level on the active month August NYMEX futures contract on June 20, the natural gas market ran out of selling. The price moved over $2.20 and $2.30 per MMBtu, but it was the prospects of Hurricane Barry making landfall in Louisiana that took the price to...
Gainers: Direxion Junior Gold Mine Bull 3X (NYSEARCA: JNUG ) +31.9% . Natural Gas -3X Inverse ETN Velocityshares (NYSEARCA: DGAZ ) +27.3% . Direxion Natural Gas Bear 3X (NYSEARCA: GASX ) +25.6% . Direxion S&P Oil & Gas Expl Bear 3X (NYSEARCA: DRIP ) +2...
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for April 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for May and June, and conclude with our latest forecast for July, Augu...
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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...