Page 5 - Gas Intelligence News Today

The EIA is scheduled to release its weekly storage report at 15:30 GMT. NGI’s model estimated a 135 Bcf withdrawal for the week-ended February 26.

forecasts Natural Gas Price Fundamental Daily Forecast – Ripe for Short-Covering Rally, but Near-Term Outlook is BearishThe week ahead is expected to generate some demand increases, but the mid-range outlook is notably bearish. Mar 02, 2021 06:56 AM GMT Natural gas futures are edging lower early Tuesday after yesterday’s short-covering rally produced a modest gain. Helping to underpin prices was a rebound in the spot market and liquefied natural gas. Gains may have been capped by forecasts ...

EBW Analytics Group analysts expect “monster draws” to be reported this week and next, eliminating a quarter of the gas in storage.

forecasts Natural Gas Price Fundamental Daily Forecast – Futures Capped by Stubborn Short-Sellers While Spot Prices SoarIf the spot market is any indication of price behavior then there is huge risk to the short-sellers ahead of a week-end. Feb 14, 2021 10:32 AM GMT Natural gas futures settled higher on Friday while continuing to straddle the proverbial “line in the sand” that should decide the near-term direction of the market. Aggressive longs are still holding up prices, but stubborn s...

A stunning surge in short-term natural gas prices Friday related to Arctic cold moving into the central U.S. states should mean at least a short-term surge in cash flow for local natural gas producers. Natural Gas Intelligence on Friday reported that Midcontinent spot prices soared to as high as $600 per million British thermal units, with transactions at an Oklahoma trading hub all topping $125 after starting the week at around $3. “It’s an extremely historic day for natural gas, tha...

forecasts Natural Gas Price Fundamental Daily Forecast – Bias Flips Back to Upside as Futures Chase Spot Prices HigherThe EIA will release its weekly storage report with analysts expecting to see the year/year surplus possibly flatline or flip to a deficit. Feb 11, 2021 12:42 PM GMT Natural gas prices are trading higher shortly before the regular session opening at 13:00 GMT and the release of the government’s weekly storage report at 15:30 GMT. The market confirmed yesterday’s dramatic r...

Add to Bookmarks Natural gas futures are trading marginally lower early Tuesday following a slightly better close the previous session. The price action left traders a little confused with the frigid cold descending from Canada into the Lower 48 seen possibly continuing into March. Weather model volatility is being blamed for the two-sided price activity. At 06:20 GMT, March natural gas futures are trading $2.865, down $0.017 or -0.59%. Advertisement Start Trading Bespoke Weather Services Outlo...

The more bearish undertone in the market is likely because the upcoming rush of cold polar air already has been priced into the market.

forecasts Natural Gas Price Fundamental Daily Forecast – Higher on Anticipation of ‘Massive Gains’ in Heating DemandThe uptrend was reaffirmed earlier today when buyers took out the previous main top at $3.005, setting up an eventual rally into $3.320. Feb 05, 2021 03:07 PM GMT Natural gas futures are up sharply on Friday, reaffirming the uptrend after buyers took out the previous main top at $3.005. Today’s rally is being fueled by the latest weather reports that continued to point tow...

forecasts Natural Gas Price Fundamental Daily Forecast – Cold European Model Outlook Fueling Price SurgeLook for a bullish tone into the close on a sustained move over $2.794 with the Fibonacci level at $2.918 the next likely target. Feb 01, 2021 05:54 PM GMT Natural gas futures are attempting to breakout to the upside at the mid-session on Monday after a bullish shift in the forecasts over the weekend increased the chances of upcoming cold hitting high demand areas in the United States. At 1...