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Natural Gas Futures - Sep 14 (NGU4)

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3.820 -0.013    (-0.33%)
1:40:01 GMT - Real-time CFD Data. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Mmbtu

  • Prev. Close: 3.833
  • Open: 3.832
  • Day's Range: 3.815 - 3.834
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Natural Gas 3.820 -0.013 (-0.33%)
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Latest Natural Gas Comments

ken chan
ken chan Aug 01, 2014 01:09AM GMT
@DD, I did have a profitable day, since my cash started alarming a while back, I had to play with extra caution. I would rather accumulate little profit by little than lose a big chunk overnight that I experienced a few times in Feb. After the report was released last Thurs, NG prices was up, down, up then down, the bull strength was not sustained powerfully, then I decided to stay on bear side on top of the cool weather forecast. NG price today acted the same after the report, was not sustained steadily, I thought those MMs were not confident in the bull side and I should stay on the bear side. Since I am looking for just ''crumbs'', even though I bet it will be bearish tomorrow, I still got out of my hnd before the market closed, make sure I follow my rules (if possible) until my cash stops alarming, right now its critical

DonMark Bd
DonMark Bd Aug 01, 2014 12:25AM GMT
Analyst will be wined and dined this weekend by big money bulls for providing expectations with numbers that could not be met. Don’t be surprised for analyst expectations next week to be in the mid 80’s bcf but when the numbers come in the high 70’s the market will be disappointed again. Although build will be nearly double the previous year the price will go up more. This is not supply and demand, this is fishy…
SS RR
SS RR Aug 01, 2014 12:31AM GMT
Excellent point. But, "Fishy" is a bit strong. We all, certainly, know that the analysts all have their own interests. They do have honest conviction, but still have their interests. So its not fishy at all. Its expected.

SS RR
SS RR Jul 31, 2014 11:20PM GMT
Written by Sumit Roy - July 31, 2014 - NatGas Rallies After Another Smaller Build Than Expected - Natural gas inventories rose by 88 bcf last week, below expectations. Natural gas was last trading up by 2 percent to $3.85/mmbtu after the Energy Information Administration reported that operators injected 88 billion cubic feet into storage last week, below the 92 to 93 bcf most analysts were expecting. The latest injection was above last year’s build of 59 bcf and above the five-year average build of 46 bcf. In turn, inventories now stand at 2,307 bcf, which is 538 bcf below the year-ago level and 637 bcf below the five-year average (calculated using a slightly different methodology than the EIA). The weather last week was cooler than seasonal norms. According to the Edison Electric Institute, utilities generated 86,904 GWh in the week ending July 26, down 7.1 percent from a year ago. Looking forward, the NOAA’s 6- to 10-day outlook calls for much-cooler-than-normal temperatures across much of the country. Meanwhile, Baker Hughes reported that the number of rigs drilling for natural gas in the U.S. rose by three to 318 last week. Bottom Line: The latest inventory data from the EIA were bearish, as the inventory deficit against the five-year average fell from 679 to 637 bcf and the deficit against last year fell from 567 to 538 bcf. For a second week, the EIA reported a smaller-than-expected build in inventories, raising the question of whether the recent decline in prices has led to an uptick in demand. Perhaps these are early signs that sub-$4/mmbtu pricing may be having an impact on the market. In the very short term, the only meaningful increase in demand can only come by way of coal-to-gas switching. For that to happen, gas prices must fall low enough to induce utilities to shun coal in favor of gas for generating electricity. Whether that has happened on some scale is uncertain; however, in our view, based on the experience of the past few years, natural gas prices would have to fall further—below $3.50 or even $3—to induce significant amounts of coal-to-gas switching. As long as the inventory deficit remains substantial (as it currently stands), the market is unlikely to sink to those levels. But if the deficit eventually narrows further and production continues to climb rapidly, natgas will likely have to fall to those lower levels. In the meantime, we continue to expect prices to bottom out above $3.50 between now and September before a potential winter rally later this year.
TU HE TU
TU HE TU Jul 31, 2014 11:59PM GMT
In simple words what does that mean for next week trend?.
SS RR
SS RR Aug 01, 2014 12:27AM GMT
Bottom Line: The latest inventory data from the EIA were bearish....Exactly as Ariana Grande stated. 88 is off the charts for this time of year, as was the revised 90 of last week. The fact that the expected number was 92 does not make 88 bullish, necessarily. Initially the market took it as bullish and then, obviously, reversed course.
TU HE TU
TU HE TU Aug 01, 2014 01:01AM GMT
Looks like drop is due to much cooler condition expected early part of Aug.
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