Updated Aug 22, 2024
8/22/24
Climbing for a fifth consecutive trading session on Monday, natural gas futures could still have more room to move higher, according to technical analysts. However, they warned that the road to a sustained rally could be rocky.
Click here to listen to the latest episode of NGI’s Hub and Flow, in which the senior markets editors discuss the factors at play behind weaker natural gas prices this summer and the possible scenarios for supply and demand into the winter and beyond.
Natural gas futures flopped for a fifth straight session amid stout levels of supply and the August contract’s final run at the front of the curve. Futures often fall heading into expiration.
Natural gas futures nosedived on Wednesday despite waning production levels and expectations for a seasonally small increase in underground inventories.
August Nymex natural gas futures settled up 5.2 cents on Monday in a relief rally following eight days of decline.
Natural gas analysts are issuing cautionary warnings to market bulls, still firmly in control and backed by substantial technical strength, as near-term softness is possible after futures crashed through $3.000/MMBtu resistance.
Weekly natural gas cash prices moved higher as hot weather in the West gave the country its first decent bout of the summer-like cooling demand. Futures, anticipating more sweltering heat in the weeks ahead, leapt higher.
Click here to listen to the latest episode of NGI’s Hub and Flow podcast where NGI’s Pat Rau, senior vice president of Research & Analysis, provides a rundown of the top 10 supply and demand themes in the natural gas industry in the first quarter of 2024.
Improving Mexico’s energy and natural gas fortunes may be as simple as changing the regulatory environment, experts said recently in San Antonio, TX.
April natural gas futures bounced off technical support at the start of the week, potentially setting a near-term floor for prices ahead of the shoulder season contract month rolling off the board this week.