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Natural gas rallies on weaker production

Posted on: April 20, 2016

Just when a certain analyst started to make a comment about the comfortable range we were trading in, gas decided to spike higher. The May future blew past $2 on Tuesday, eventually settling 15 cents higher at $2.09. Production hit a 2016 low as rigs go offline and plant maintenance kicks in. The backs continue to watch the front of the curve bounce around from the comfort of the sidelines.

Today we see support around $2.05 and resistance around $2.17.


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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