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Natural Gas Futures Flat, but Volatility Abounds as Weather Models Ease Demand


Natural Gas Futures Flat, but Volatility Abounds as Weather Models Ease Demand
Volatile futures ends with March contract nearly unchanged
Weather models ease demand, but outlook still very supportive
New England cash prices soar to near $15.000
Natural gas futures settled nearly flat on Tuesday, but not before the March Nymex contract surged over the $3.00/MMBtu threshold. The prompt month reached an intraday high of $3.005 as the frigid air blanketing much of the eastern United States this week was seen continuing through at least the first half of the month.
However, with the latest run of the European weather model erasing a decent chunk of projected demand, the March contract retreated back to a $2.845 settlement. April closed the day at $2.818. ....

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Natural Gas Price Fundamental Daily Forecast - Uncertainty Over Cold Trends after Feb 15 Capping Gains


forecasts
Natural Gas Price Fundamental Daily Forecast – Uncertainty Over Cold Trends after Feb 15 Capping GainsTraders are waiting for today’s midday forecasts before making their next major trading decision.
Feb 03, 2021 02:27 PM GMT
Natural gas futures are trading steady to lower shortly after the cash market opening on Wednesday, following a dramatic closing price reversal top the previous session. Although frigid air is expected to linger over much of the high heating demand eastern United States through at least the first half of the month, the current price action suggests that this news has been fully-priced into the market.
At 14:02 GMT, March natural gas is trading $2.826, down $0.019 or -0.67%. ....

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James Spann: Periods of rain likely in Alabama Thursday, Friday

James Spann: Periods of rain likely in Alabama Thursday, Friday
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