CONGESTING
January 6, 2009
Prices started off strong but encountered stiff selling in the low $6.20s and ended up lower on the day. In spite of a decline of over 20 cents from the day’s high, short term traders . . .
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TECHNICALS, WEATHER LIFT FUTURES
January 5, 2009
February natural gas futures advanced in active trading buoyed by supportive weather forecasts and indications of commercial buying interest. Traders suggested that . . .
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ROOM TO ADVANCE
January 2, 2009
Prices recorded their low for the day at the open and from there moved sharply higher. Short term traders attributed the market strength to a sympathetic move with crude oil and . . .
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ANALYSTS MISS INJECTION FIGURE
December 31, 2008
There was nothing inconclusive about Wednesday’s inventory report-driven price decline. It was almost as if the market had . . .
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NOT SO BULLISH
December 30, 2008
February futures retreated today on light volume that at best might be called inconclusive. With less than normal trading volume it was suggested that . . .
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STRONG EXPIRATION
December 29, 2008
The January natural gas contract expired on a strong note as traders were content to follow extended weather forecasts calling for below normal temperatures from . . .
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UP AGAIN
December 24, 2008
Natural gas futures made it two in a row as prices advanced for the second day following the release of inventory data showing a greater withdrawal than anticipated.
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SOLID GAINS
December 23, 2008
Prices jumped higher Tuesday in what was attributed to short covering rather than any change in the fundamental or technical environment. Short term traders saw . . .
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PRICES DRIFT LOWER
December 22, 2008
The market has shed some of its schizophrenic character and now seems content to focus on natural gas demand, and the underlying economic factors that could bolster it.
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LAST MINUTE FALL
December 19, 2008
Natural gas futures had posted some healthy gains by mid-session before a weak expiration to the January crude oil contract combined with some . . .
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BULLS DISAPPOINTED BY EIA STATS
December 18, 2008
Prices opened slightly lower as traders anticipated the release of inventory figures reflecting the recent harsh cold which sliced through the Midwest and Ohio Valley. Expectations had been . . .
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OIL STATS SINK NATGAS
December 17, 2008
The release of petroleum inventory figures considered slightly bearish was enough to tug natural gas futures lower Wednesday. Weakness in heating oil was more than . . .
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TRADERS MULL ECONOMY, COLD
December 16, 2008
Much to the consternation of natural gas bears counting on economic weakness to drag prices lower, the market held up and advanced in the face of highly . . .
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MIDWEST COLD BLAST
December 15, 2008
Prices opened higher and held on to the gains as the market digested cold temperatures making their way into the Great Plains and Upper Midwest. Chicago’s forecast high was . . .
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WEAKENING DEMAND FEARED
December 12, 2008
Natural gas prices groveled lower as traders turned their attention to the faltering economy and expressed concern further economic weakness would diminish natural gas demand. Thursday night Senate lawmakers . . .
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COLD WEATHER NEEDED
December 11, 2008
The release of inventory data showing supplies declining at a much slower rate than traders were expecting sent the prompt month January futures spiraling lower as soon as the figures were released. . . .
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STAY SHORT
December 10, 2008
Although futures prices did manage a gain on the day, technical traders point to a dominant downtrend and see no reason to change their bearish outlook . . .
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TRADERS LOOKING FOR $6
December 9, 2008
Prices were confined to a relatively narrow 22 cent range and managed a small gain as traders suspected that recent failures to trade below the $5.45 area would allow the market to . . .
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TECHNICALS, WEATHER WEAKEN
December 8, 2008
Prices opened lower, staged a sharp rally apparently on a supportive weather forecast early in the day, but an hour later . . .
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WEATHER BULLS RUNNING OUT OF TIME?
December 5, 2008
Much of the day’s decline had been put in before the opening of floor trading, but the release of highly negative employment data was enough to knock prices down another 5 cents in early trading. The economy/petroleum/equity market drivers . . .
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PRICES TUMBLE ON EIA DATA
December 4, 2008
All it took for prices to move today was an inventory report showing slightly less gas usage than anticipated. Prices fell hard when the EIA reported . . .
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NO TREND
December 3, 2008
Traders today took their cues from an unresponsive oil market as a seemingly supportive inventory report failed to rally prices. Natural gas prices . . .
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EASY COME, EASY GO
December 2, 2008
Monday’s nine cent gain was easily surrendered in Tuesday’s activity as the market was quick to follow the lead of a weak oil complex at the expense of strength in equity markets and a supportive weather outlook.
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WEATHER GAINS
December 1, 2008
Natural gas futures managed a modest gain as both equity markets and petroleum markets contracted. Weather factors prevailed as . . .
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HEFTY GAINS
November 26, 2008
In an almost mirror image of Tuesday’s losses natural gas futures bounded higher Wednesday driven by a supportive inventory report showing supplies far less than market expectations. The EIA said . . .
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BIG LOSSES
November 25, 2008
After Monday’s meteoric weather forecast-driven gains, traders wondered if the market could continue higher and settle above the elusive $7 hurdle. However as has recently been the case the natural gas market exhibited almost . . .
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MULTI-LEVEL GAINS
November 24, 2008
Traders had bullish news on several fronts to deal with as trading began Monday. Weather forecasters . . .
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FADE THE RALLIES
November 21, 2008
Concerns about the economy took a back seat to weather considerations and futures rose. Forecasts still call for . . .
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SEARCHING FOR VALUE
November 20, 2008
At first glance December futures tumbled in Thursday’s trading because of a government inventory report showing greater than expected additions to supplies. Traders suggested that . . .
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SHORT COVERING
November 19, 2008
December futures staged a healthy advance as traders sensed a weather driven short-covering rally. In the near term . . .
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WEATHER ANTICIPATION
November 18, 2008
December futures opened strong, rallied, but failed to hold gains and closed with a slight loss. Cold temperatures . . .
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WEATHER-DRIVEN GAINS
November 17, 2008
Futures prices opened strong and with minimal hesitation pushed to the high end of the day’s range.
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IT’S ALL ABOUT DEMAND
November 13, 2008
Both oil and natural gas traders took a hard look at government petroleum statistics and didn’t like . . .
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DOWN AGAIN
November 12, 2008
Prices opened at the high end of the day’s range and traded lower throughout the session with only a minor bounce higher. Traders cited . . .
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HEDGE FUND SELLING
November 11, 2008
Trading volume was high, and short term traders noted substantial selling by funds and managed accounts. It was suggested that . . .
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FORECAST COLD LIFTS PRICES
November 10, 2008
A bullish weather forecast caused natural gas futures to trade higher overnight Sunday and the momentum . . .
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AS GOOD AS IT GETS
November 7, 2008
Futures put most of Friday’s decline in before the open as the Labor Department released employment data showing unemployment at . . .
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RELATIVE STRENGTH
November 6, 2008
Natural gas bulls thinking that a weather-driven thin government storage figure would provide impetus for continued price improvement . . .
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POLITICAL MOVE
November 5, 2008
Traders suggested that today’s modest advance had as much to do with the Obama political victory as . . .
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FURTHER GAINS?
November 4, 2008
Prior to the open of Nymex floor trading natural gas futures were advancing, and on the open shot above . . .
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MOVIN’ ON UP
November 3, 2008
Prices rebounded from early weakness and ended up closing at the high end of the days’ range.
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DUELING FORECASTS
October 31, 2008
Prices were confined to a relatively modest range throughout the day until the closing minutes of trading when . . .
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MARKET SETUP
October 30, 2008
All eyes were on the news screen awaiting the release of EIA storage figures. Upon its release prices . . .
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NOVEMBER POSTS SOLID EXIT
October 29, 2008
Prices recorded strong gains as the November contract expired. Traders cited gains in crude oil and . . .
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WEATHER GAIN
October 28, 2008
Traders cited expected cold and snowy conditions in the Northeast as one of today’s primary price drivers along with a . . .
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SLIP SLIDIN’ AWAY
October 27, 2008
Prices opened lower again mostly due to weak oil and equity markets. Prices finished down on the day. The highs were made . . .
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RALLY OR ELSE
October 24, 2008
Prices opened lower largely in sympathy with weak petroleum and equity markets and settled . . .
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BEARS ON THE PROWL
October 23, 2008
The earlier trading range that contained the November contract was stretched to . . .
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MODERATE LOSS
October 22, 2008
November natural gas continued to ricochet off its recent trading range this time hitting the top end and . . .
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LATE RALLY
October 21, 2008
November futures were held to a narrow trading range for most of the trading session, but near the close a . . .
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DROP FOLLOWS NEW HIGHS
October 20, 2008
Futures made the high of the day shortly after the open and retreated 20 cents to finish moderately lower. Weather forecasts call for . . .
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MOVIN’ ON UP
October 17, 2008
Futures opened higher, posted a new high for the move, but plunged near the end of the day to settle near session lows. Prices stayed . . .
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THIN BUILD
October 16, 2008
An inventory report showing a slightly lower build than anticipated was all that was necessary for the . . .
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HEFTY INJECTION SEEN
October 15, 2008
In what might be interpreted as an ominous development, at least for market bulls, deferred futures . . .
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CREDIT AND SUPPLY
October 14, 2008
Bulls were not to be denied and prices opened on a firm note extending Monday’s highs. After carving out an 18 cent range prices . . .
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RANGEBOUND
October 13, 2008
Prices opened strong and after a brief dip finished higher on the day. Financial markets made . . .
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NEAR TERM BEARISH
October 10, 2008
Prices continued lower and made two thrusts toward $6.50 before settling at the low end of the day’s range. With the breach of $7 support, and . . .
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LOW GAS USAGE SEEN
October 9, 2008
Futures remained rangebound but posted a modest gain in spite of an above normal . . .
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BIG BUILD EXPECTED
October 8, 2008
The spot November contract managed to put in a low of $6.51, but scrambled back to change less than three cents lower on the day as traders . . .
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UPSIDE POTENTIAL
October 7, 2008
Natural gas futures opened at the highs and continued to work lower throughout the session. The natural gas market remains enmeshed in . . .
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FREE FALLIN’
October 6, 2008
Overnight weakness in equity markets was all the cue that natural gas traders needed Monday, and prices careened lower. Traders saw . . .
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ACCESS TO CAPITAL
October 3, 2008
Prices continued to grind lower Friday. After a weak open futures posted their low for the day, and traders see the market . . .
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WINTER 2009 AT RISK
October 2, 2008
Futures fell hard and fell often on the heels of a government report showing greater than anticipated . . .
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SHORT COVERING
October 1, 2008
Futures headed towards the upper end of its recent trading range and were able to . . .
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