Natural gas futures had one of their best trading sessions in recent months after the US government reported a smaller-than-expected build in domestic inventories. Natural gas has enjoyed the last few trading sessions higher, but the consensus is that prices will eventually dip below the crucial $2 threshold. October natural gas futures surged $0.10, or 4.58%, to $2.24 per million British thermal units (btu) on Thursday on the New York Mercantile Exchange. Although prices are down 22% year-to-date, natural gas is poised for a strong weekly gain of about 8%. This is a welcome reprieve for the energy commodity that has been drowning in an ocean of red ink throughout 2019. According to the US Energy Information Administration (EIA), domestic inventories of natural gas … [Read More...]

Natural gas futures are rallying on Thursday after the US government reported a lower-than-expected increase in domestic stockpiles. Natural gas has not had much to celebrate in recent months as the energy commodity has crashed 18% since May. But prices could receive a slight boost over the next several trading sessions as a heatwave is crippling many parts of the country, raising demand levels. September natural gas futures rose $0.05, or 2.33%, to $2.13 per million British thermal units (btu) at 14:52 GMT on Thursday on the New York Mercantile Exchange. Natural gas is on track for a weekly decline of at least 1%, expanding its negative year-to-date performance to 25.5%. According to the US Energy Information Administration (EIA), domestic inventories of natural gas … [Read More...]

My natural gas signal goes to cash on this morning’s open of trading, according to the latest Commitments of Traders data.I’ll be back here shortly with a new post and an updated latest signals table. [Read More...]