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Natural gas settles unchanged

Posted on: April 22, 2016

Gas settled close to unchanged at the front of the curve on Thursday at $2.07. The EIA announced a 7 bcf injection, a little higher than expected but not enough to move the needle. The gains came further out the curve, with Winter 17 catching a nice bid. AECO also benefitted from the rise in NYMEX on Thursday while basis widened out.

Today we see support around $2.00 and resistance around $2.14.

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