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Natural gas gains 12 cents

Posted on: June 01, 2016

Gas bulls finally saw some weather in their favour on Tuesday, with bullish forecasts pushing the curve 12 cents higher at the front to settle at $2.29. AECO basis was firmer along the curve while swaps rode the NYMEX wave higher. With June AECO 7A likely settling under $1.30 there is opportunity for producers to hedge the balance of Calendar 16 significantly higher than that. Estimates for the injection tomorrow sit around 80 bcf.

Today we see support around $2.19 and resistance around $2.35.


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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