Natural gas futures rallied as much as 1% on Thursday after the US government reported that weekly inventories rose less than what the market had called for this week. Natural gas prices have enjoyed an incredible week, poised to record one of its best weekly gains in months. November natural gas futures rose $0.025, or 1.04%, to $2.328 per million British thermal units (btu) on Thursday on the New York Mercantile Exchange. Natural gas is on track to record a weekly jump of nearly 6%, paring its year-to-date loss to under 19%. According to the US Energy Information Administration (EIA), domestic stockpiles climbed by 104 billion cubic feet, falling short of the median estimate of 108 billion. In total, supplies stand at 3.519 trillion cubic feet, up 494 billion … [Read More...]
Cash for Crude, Natural Gas and Copper
Three setups go to cash on Monday’s open of trading based on the latest Commitments of Traders data.They are natural gas, crude oil and copper.See my latest signals table for details on trader positioning for these and the other seven markets I trade using the free weekly COT data from the U.S. Commodity Futures Trading Commission.Good luck this week. [Read More...]
Nasdaq-100 Signal to Cash After Three Months Bullish
Two signals take effect on the coming week’s open of trading based on the latest Commitments of Traders data from the U.S. Commodity Futures Trading Commission:- cash for the Nasdaq-100 (which has been bullish three months, since March 17)- bullish for the 30-year Treasury bond (which means the bond yield would fall)See my latest signals table for details on trader positioning in these and the other eight markets I trade using the free weekly COT reports. Other signals remain the same as last week.Good luck this week, and to Quebec readers, Joyeuse St-Jean! [Read More...]
Natural Gas Dips on Jump in US Inventories, Supply Forecasts
Natural gas futures are trading lower on Thursday after the US government reported an increase in domestic inventories that were in line with market projections. The energy commodity is also slumping on concerns of a potential global supply glut as experts are forecasting greater output in the next several years. November natural gas futures tumbled $0.01, or 0.45%, to $2.225 per British thermal units (btu) at 16:21 GMT on Thursday on the New York Mercantile Exchange. Natural gas prices are on track for a steep weekly decline of 5%, adding to their year-to-date losses of 23%. According to the US Energy Information Administration (EIA), domestic stockpiles of natural gas climbed by 98 billion cubic feet for the week ending October 4, which meets the median estimate of 97 billion … [Read More...]
Beyond the Spotlight: October 07, 2019 (Pound, Oil, Gas)
Beyond the Spotlight for the week of October 07, 2019 covers the British Pound, Crude Oil, and Natural Gas markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself. Try Trade Spotlight Suite – for 3 Months Trade Spotlight Suite – Trial – The Trade Spotlight advisory service consists of three segments covering futures, futures spreads, and commodity options. At the end of each trading day the commodity markets are analyzed by applying our methodology and recommendations are delivered to you based on our trading philosophy. Our technique is to track specific chat patterns for breakouts and apply key technical indicators to confirm the trade setup. Try Trade Spotlight Suite – for 3 Months Contact Daniels Trading To open an account or request more information… [Read More...]
Natural Gas Rallies 4% Despite Weekly Stock Surge, New Supplies
Natural gas futures are rallying as much as 4% on Thursday after the US government reported that domestic supplies rose more than expected. The energy commodity is also surging even after scientists uncovered shale formations in the eastern United States that contain tens of trillions of cubic feet of natural gas, potentially adding to global supplies. November natural gas futures spiked $0.095, or 4.19%, to $2.34 per million British thermal units (btu) at 18:12 GMT on Thursday on the New York Mercantile Exchange. Natural gas has had a rough month, declining 4% and adding to its year-to-date losses of nearly 19%. It is on track for a steep weekly decline of nearly 5%. According to the US Energy Information Administration (EIA), domestic inventories soared 112 billion cubic … [Read More...]