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Market Summary: 31 Mar – 04 Apr 2014

The following is a summary of last week’s market activity and the market outlook: Natural gas futures continued to seek direction last week, as the prompt month and the 12-mo strip each lost four cents, while calendar strips ‘15, ‘16, and ‘17 gained between one and three cents each.  The prompt month traded most of … Read more

Market Summary: 17 Mar – 21 Mar 2014

The following is a summary of last week’s market activity and the market outlook: Natural gas futures experienced a steady slide last week across all terms (near-term decreasing more than the long-term). The Prompt Month broke below our technical support level of $4.45 late in the week, with the next level being in the $4.20 … Read more

Market Summary: 10 Mar – 14 Mar 2014

The following is a snapshot of last week’s market activity and the market outlook: The near-term markets were much less volatile last week–ignoring key fundamentals (weather & storage)–and closed down for the second week in a row. Conversely, there was increasing strength further out on the pricing curve–with Cal’17 up 5 cents, Cal ’18 up … Read more

Market Summary: 03 Mar-07 Mar 2014

The following is a summary of last week’s market activity and the market outlook: NYMEX volatility disappeared and it was the quietest week of the year–a radical change from the trend of the last few months–however prices were not down. April futures were unchanged and stayed in a relatively tight range ($4.45 to 4.75), with … Read more

Market Summary: 24 Feb-28 Feb 2014

The following is a summary of last week’s market activity and the market outlook: The March 2014 natural gas contract reached an intraday high of $6.50 last Monday, before falling off sharply ahead of contract expiration. After posting the early morning high, March prices fell $1.44 Monday through Wednesday and the contract expired at $4.855/MMBtu. … Read more

Market Summary: 17 Feb – 21 Feb 2014

The following is a summary of last week’s market activity and the market outlook: Strength, volatility and the Polar Vortex continue to be the story for the energy markets. March NYMEX futures rocketed to levels not seen since December 2008.  On Tuesday, the Prompt Month was up 59 cents, due to a changing weather forecast … Read more

Market Summary: 03 Feb – 07 Feb 2014

The following is a summary of last week’s market activity and the market outlook: The short-term markets were on another wild ride last week. Wednesday, the market traded as high as $5.73 and as low as $4.99, before closing down nearly 30 cents for the week at $5.03. The March contract closed down 17 cents … Read more

Market Summary: 27 Jan – 31 Jan 2014

The following is a summary of last week’s market activity and the market outlook: It was the most volatile week in several years, with huge daily price swings resulting from severe cold weather for the eastern half of the U.S.  The February NYMEX closed at $5.03 on Tuesday, rallied on Wednesday as high as $5.72, … Read more