Markets wer up breifly this morning as cold air moved into the Texas and the Western side of the continent. Texas continues to produce gas supply although don’t really have a home to move it. Pipelines are full, storage is relatively full and demand is realatively light at this time of year. An interesting note, …
The bulls took center stage today in the natural gas market with front month November rallying 7.95% to $5.62. Perhaps the drop in temperatures on the East coast had an impact on sentiment, really though most risk assets seemed to improve in value today after the greatly anticipated consolidation in Interest rate markets, finally took …
What an amazing weekend of racking leaves and the amazing sunshine. Markets were right along with this warmer than normal pattern remaining relatively low over the weekend. We did see a slight rally all day long although we will need a sustained trend for more than 20 days to move this market higher at the …
Natural gas is capable of snapping back in short order. The downward pressure continued all day, although the gap between the movement could create a narrowing condition and possible bullish signs in an oversold market. A bullish sign could see this market retreat back to the $8.00 range when we move back into the winter …
Natural gas remained on the defensive again today, led by another boondoggle in the European markets. The Dutch TFF Dec 2022 through February 2023 natural gas contracts all lost a little over 4% as other sources of energy, such as coal, race to fill the supply void. On the demand side, the old adage; “High …
Natural Gas took another shellacking today with the front month November NYMEX contract finishing the day down by 4.85% to $5.71. Much of the selling in US markets seems to be led by the European gas markets, which have fallen precipitously over the past few sessions. The Dutch TFF market was down 11% today, providing …
The prompt month NYMEX natural gas contract settled up US$0.306 at $6.741. The rally upwards happened predominantly in the afternoon with the contract actually trending downward in the morning. Today marked a U.S. EIA storage release with the number coming in at 125 billion cubic feet (Bcf). As mentioned previously, given we are in the …
The prompt month November 2022 NYMEX contract climbed to an early high of US$6.803/MMBtu this morning, but trended downward for the day,settling down $0.161 at $6.435. Early upwards momentum was due to weather forecasts hinting at a cold couple of days out of this weekend into next week. It ultimately wasn’t enough to keep the …
What an incredible weekend for weather. On the energy front the markets are up slightly over the weekend with the focus on cooler weather in the West and warm weather in the East. An interesting note from Houston based energy trader noted the following, ” A warning was released by German grid operators over the …
Markets were once again marginally down today on light trading levels. Cooler weather prevails for parts of North America over the next few days. An interesting note, the Polish goverment authorized the use of wood burning in order to heat residential homes this winter. Europe remains the wild card for the upcoming winter. If they …