Articles tagged natural gas trading

Pressured ahead of Wednesday’s expiration, September Nymex natural gas futures slid another 5.2 cents Tuesday in low volume trade.

A five-day losing streak has sent September natural gas futures below the $2/MMBtu level for the first time since early August, but bulls might get breathing room after the contract rolls off the board Wednesday.

Baseload natural gas prices declined on the first day of September bidweek trading on Monday, led lower by prices in West Texas sinking below zero.

Technical indicators appear to support a positive outlook for natural gas prices at least in the short term, but cautious traders could decide to enter the market only when the price moves above key resistance levels, according to technical analysts.

Climbing for a fifth consecutive trading session on Monday, natural gas futures could still have more room to move higher, according to technical analysts. However, they warned that the road to a sustained rally could be rocky.

Natural gas futures, suppressed for most of July amid stronger production and supply surpluses, finished the month on a sour note.

August natural gas futures are riding higher before rolling off the board next week with speculator positioning and technical levels providing support.

Natural gas futures nosedived on Wednesday despite waning production levels and expectations for a seasonally small increase in underground inventories.

August natural gas futures have grown more oversold by the day in July, tumbling past multiple technical levels to converge with spot cash prices and put $2/MMBtu psychological support into view.

Natural gas forward prices maintained a bullish hue in parts of the West as intensifying heat propelled demand expectations, but robust national supply and mixed weather outlooks fostered bearish sentiment elsewhere. Prices broadly retreated.