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Natural Gas down 2 cents

Posted on: March 28, 2017

NYMEX NG futures were driven by technical resistance with an intraday high of $3.133 and a final settle of $3.052. From a fundamental standpoint the inventories are at 2.092tcf for the week prior and the weather forecast for the Northeast is cooler through April 10. Cumulative heating degree days for this year are 3,470 which is lower than the 10 year average of 3,897.

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Most Recent Market Updates

March 28, 2017

Natural Gas down 2 cents

NYMEX NG futures were driven by technical resistance with an intraday high of $3.133 and a final settle of $3.052.

March 28, 2017

Crude falls $0.24

The story of the boy who cried wolf couldn’t be more true for the statements that came out of the OPEC meeting over the weekend in Kuwait.

March 28, 2017

Oil prices stabilize…for now

After seeing some interesting moves overnight yesterday, price action fizzled into the North America session. USDCAD tested support again at 1.3320 before taking another run at resistance as oil prices sold off to start the North American session.

March 24, 2017

Canadian CPI slows in February

Yesterday the theme was anticipation, as the market sat around on pins and needles and waited for Congress to vote on the Trumpcare bill.

March 24, 2017

Natural Gas up 4 cents

Yes, the 150bcf official EIA storage draw was large but more or less in line with estimates of 153bcf.

March 24, 2017

Crude losses $0.34

While the markets continue to digest the EIA build of 4.95 million on Wednesday.

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