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Natural gas gains 7 cents

Posted on: April 25, 2016

Gas had another strong session at the front of the curve on Friday, gaining 7 cents to settle at $2.14. Strong buying at the front thanks to supply reductions coupled with the combination of warm temperatures in the south/cold temperatures in the north are helping prop up prices. AECO basis was weaker on Friday while the cash curve flattened with the front months up and the back of the curve lower.

Today we see support for NYMEX around $2.06 and resistance around $2.18.

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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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