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UK Natural Gas Futures - W-2 24 (NGLNSc1)

ICE
Symbol
Exchange
Currency
NGDerivedUSD
MNGc1MCXINR
NGLNMc1ICEGBP
NGc1CMEUSD
NGc2CMEUSD
NGc3CMEUSD
MNGc2MCXINR
MNGc3MCXINR
NGLNSc1ICEGBP
NGLNSc2ICEGBP
NGLNSc3ICEGBP
NGc4CMEUSD
NGc5CMEUSD
NGc6CMEUSD
NGc7CMEUSD
Currency in GBP
Disclaimer
96.60
-1.12(-1.14%)
Closed

Natural Gas Futures Discussions

at first glance thought we are heading up which will happened but only 2 or 3 days but my hunch we will sell deep after that , given the low consolidation was around 2.50 I expect buyers to show up a bit above that.
3.53 by mid July.
Why? The surplus is gone?
The actual storage may be higher but the time to drain it based on demand has shortened. storage is for emergency use and will not last as long as just a few years ago. the cost of production is going up not down. Place your bets!
strong cooling demand in western regions was expected to ease into the weekend….Due to HEATWAVE there is strong cooling demand only in Western USA for the current week….other parts of USA its normal
Heating up here later this week again! 90’
its lot lot better compared to triple digit temperature and 90’ is warm but not a HEAT WAVE kind of situation
Don't forget the number. 30 TRILLION
feed gas volumes have declined, partly due to maintenance at Cheniere Energy Sabine Pass Freeport LNG has shown signs of recovery. Regional price movements varied, with California prices falling and West Texas prices rising
Technically, the focus for bullish traders should be the potential resistance zone at $2.918 to $3.102.
monday or tuesday we will cross 3.00 Dollar. I wonder if we than first fall back to maybe 2.90 or if we moon directly from there.
Is the heatwave getting hotter or milder
Milder
But in 6 days will be back stronger and hotter
We may get a pullback first then
The price increase is mainly due to early heat wave and last year the price at this time was 2.33…also heat wave is present only in western/southwest US right now and rest of the US is in storm zone and normal zone
Fitures, not “right” now
that is why it went upto 2.96 level…this is not winter season/no supply crunch/no HEAT WAVE through out USA to go 3$ above
The recent unseasonable heat is easing a bit in the Southwest this weekend, but Excessive Heat will build into central California over the next several days. Meanwhile, severe thunderstorms will be possible on Sunday from the High Plains all the way to the coast of the Carolinas, with areas of heavy rainfall possible in the Plains and mid-Mississippi River Valley
Based on the 18z run of the GFS ENS computer model, for the 4 natural gas storage weeks from June 1 to June 28, Natural Gas-Weighted Degree Days (GWDDs)--a composite of heating & cooling degree days and population distribution patterns that estimates the contribution of temperature to natural gas demand--will total 341 GWDDs, 21% above the historical average of 281 GWDDs suggesting that temperature-driven natural gas demand will be elevated relative to seasonal averages. Compared to the computer model run from 6 hours ago, forecast GWDDs have fallen -6 GWDDs or -1.7%.
Realtime Natural Gas Inventories Current Storage : 2985.5 BCF ; Vs. 5-Year Avg +572 BCF (+23.7%) ; Vs. Year Agot+362 BCF (+13.8%) Updated: June 9 2:14 AM
now where ng going upward or downward
Today's projected +13 BCF injection is 0 BCF smaller than yesterday's 13 BCF build. It is 1 BCF bearish compared to last year's +12 BCF build and 1 BCF bearish versus the 5-year average 12 BCF/day build.
The cold front over the central U.S. is expected to continue advancing south into the southern Plains and east into the southern Mid-Atlantic region on Sunday, bringing cooler temperatures to the central U.S. Forecast high temperatures on Monday are expected to be about 20 degrees colder compared to the expected high temperatures for today. Cooler than average temperatures are also expected for the Great Lakes region where reinforcing cold fronts will move through the region through Monday in addition to showers and thunderstorms. Across the western and southeastern U.S., warmer than average high temperatures are in the forecast through Monday, although a break is coming from some of the excessive heat experienced over the past few days across California, the Desert Southwest and Texas. A cold front will move through the West over the next couple of days which will bring some relief from the high temperatures along with an increasing coverage of showers and thunderstorms.
2.96 to 2.98 , expecting the open price
Monday high could be 3.14 and down to 2.9 to 3 level..Monday range over all
2.000
2.97
You have added 1 to the correct answer mistakenly.
Let's see tomorrow if it is mistakenly or not
Will be horrible gap up )
horrible gap up means 2.938 🤣🤣🤣
Monday opening price
2.85-3.0
There is a must for us to short at 2.000 as 1.000 will come shortly.
Go all in!
mental
Short its Froggy Ash.
Foundamentals are very bullish , chart got the 200 MA therefore are neutral , short term temperatures forecast are neutral , powerburn bullish !! I will buy the coming retracement !!
Storage is bearish. Production increasing. Highest storage of 6 years and near mid price. Overpriced at 3 short time to low 2s
storages manipulated imo
Short Range Forecast Discussion NWS Weather Prediction Center College Park MD 345 PM EDT Sat Jun 08 2024 Valid 00Z Sun Jun 09 2024 - 00Z Tue Jun 11 2024 ....Dual threats of severe thunderstorms and flash flooding this evening through Saturday night across the central High Plains into the southern Missouri... ...Temperatures will be above average for the West and Southeast while it will be cooler than average from the central Plains into portions of the Great Lakes and Northeast through Monday... Higher end threats for severe thunderstorms and flash flooding will exist this evening into early Sunday morning across the central U.S. Anomalous moisture is already in place from the central High Plains region, eastward across Kansas into southern Missouri near a cold front in the region.
I heard a numb nut telling us to buy back at 3.40 the “well heads” that he had secret info about pressures were dropping and a suprize coming and same BS putting out now. It went 180 for test if last year. Dont believe anyone here. They make it sound good.
Citigroup was waiting on clarity of the summer weather and production, part of the overall market sentiment that would cause a Rectangle Pattern, but they cited the up/down side risk that they were looking at, ( ball is in the bulls court, T/P or push higher)
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