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Natural gas falls 9 cents

Posted on: August 22, 2016

Gas fell 9 cents at the front of the curve on Friday to settle at $2.58. As summer comes to a close heat is rapidly fading from forecasts, reducing cooling demand as we approach the shoulder seasons. AECO basis firmed up on Friday, especially at the front of the curve. Over the weekend forecasts were revised as summer is not going down without a fight, which has the front of the curve trading higher this morning.

Today we see support around $2.53 and resistance around $2.72.


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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