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Natural gas gains 1.7 cents

Posted on: October 04, 2016

NYMEX natural gas gained 1.7 cents on the days trading to settle at $2.923. Expectations for the EIA number later in the week suggest an injection of 70 bcf. Hurricane Matthew continues to ravage the Caribbean with wind speeds up to 145 mph, and is continuing to head NW. The impact that this could have on the potential for demand is not know at this time, but there is some speculation that the hurricane may affect shipping routes and delay gasoline delivery to some East Coast US markets.

Today we see support around $2.845 and resistance around $2.995.


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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