Ron

Quiet day as the market catches its breath after yesterday’s big move.  The NYMEX December front month contract traded briefly below yesterday’s low but bounced up a few cents to $2.85 USD/mm.  We are still well above the Oct 21st low of $2.71. The rest of winter strip (December to March) followed the same pattern […]

Happy Monday Well, that was quite the day.  Last week was all about the rally but today was the counterpoint. The NYMEX December front month contract sold off 24 cents (7.9%) to $2.85 USD/mm.  The Winter 24-25 strip was down 24 cents to $2.80.  Both were down on good volume. NYMEX December Front Month Contract

Happy Friday After the big rally yesterday, the market is taking a breather.  It is slightly down on the day in quiet trading. The November contract will expire next week so the December contract is considered to be the front Month now.  As of 1pm, the NYMEX December front month was down 2 cents to

Happy Storage Day Today was interesting.  The EIA reported an injection of +80bcf for the week ending Oct 18th, which was quite a bit more than the expected build of +56bcf.  Moreover, this was the first time in a long time that the actual injection was more than the 5-year average for that week. The

Quiet day today as the NYMEX futures slowly drifted higher. The November front month contract was up 4.5 cents to $2.36 USD/mm.  The winter strip was up 2 cents to $2.87. The next summer 2025 strip was up 1 cent to $3.06.  Next summer seems to have found some support at $3 level.  The weather

Today, the November front month contract opened at $2.36 USD/mm and closed at $2.30, flat on the day.  However, the December contract was up 8 cents to $2.89. The 2025 Summer strip and 2025-2026 Winter strip also had an upward bias and closed up five cents on the day.  Perhaps that support will hold. We

Happy Monday Beautiful weather here in Toronto this week, and it looks like the warm weather will continue.  The NOAA 8-14 Day Outlook is showing lots of red.  Cooling demand is down as current temperatures are above average for this time of the year, but supply is also down. According to LSEG, production in the

Another Sell Off NYMEX November front month contract sold off again today.  As of 1:00 PM, prices are down 7 cents to $2.27 US/mm.  The winter 24-25 strip is down 5 cents to $2.77.  The winter 25-26 strip is down 5 cents to $3.69. Both winters are now below the September lows.  However, next summer

Happy Storage Day The EIA reported that for the week ending October, +76 bcf of natural gas was injected into storage. Expectations were for a +77 to +78 bcf build, so this report was in-line. The NYMEX November front month contract initially rallied this morning, but then sold off.  Last trade was $2.35 US/mm, down 2

Another day, another sell off. The NYMEX November front month contract sold off 12 cents to $2.39 USD/mm.  We have reached prices that haven’t been seen in the November contract since 2020. The December contract also broke to new local lows and was down 9 cents to $2.85. Chart from TradingView: The winter strip was