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Natural gas falls 6 cents

Posted on: August 08, 2016

Gas fell 6 cents on Friday to settle at $2.77. Despite the first summer withdrawal in 10 years on Thursday, gas traded lower to end the week. The best explanation would be that the EIA reports are based on the impact historical weather has had on power burns, while future forecasts look more moderate, dragging prices down. AECO basis was a little weaker to end the week.

Today we see support around $2.72 and resistance around $2.91.

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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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