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Natural Gas plummets 9 cents

Posted on: October 03, 2017

NG prompt contracts took a 9 cent tumble to settle at $2.92 amid mild weather in the 10-14 day weather models for the majority of the U.S. Without the support of weather fundamentals, NG turned to a more technical perspective and analysis during the transition into the Winter season. La Nina still remains a topic of debate that may send NG to soar higher on the expectations of a frigid winter with bulled up heating demand levels.

Until then we will have to wait and see, there seems to be a clear resistance point at $3 for prompt contracts.


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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