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Natural gas gains 5 cents

Posted on: November 17, 2016

Gas traded in a tight range at the front of the curve, eventually settling 6 cents higher at $2.76. Shorter-term weather forecasts for cooler temperatures leading to increased heating demand was the main driver. Not much action at AECO basis yesterday, with prices slightly wider. Later this morning the market is expecting the EIA report to show an injection of 30 bcf, unusual for this time of year.

Today we see support around $2.65 and resistance around $2.82.

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Most Recent Market Updates

November 20, 2017

Natural gas gains 4.4 cents

NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

Crude gained $1.41

Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

November 17, 2017

Natural gas falls 2.7 cents

NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

Crude prices slide $0.19

Crude prompt futures traded in a 69 cent range.

November 17, 2017

USDCAD range bound as Canadian CPI uneventful

Domestically we saw the biggest release of the week a few minutes ago.

November 14, 2017

Natural gas loses 5 cents

Cold weather emerged over the long weekend in the US Midwest to East as anticipated.

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