WEAK EMPLOYMENT DATA
July 2, 2009 -
Traders had to deal with two important reports, one of which appeared supportive and the other not. Prices nonetheless posted a sizeable retreat. Prior to the open of floor trading . . .
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DRIFTING LOWER
July 1, 2009 -
Prices weakened yet traders noted that natural gas futures experienced less of a loss than other energy contracts. Little impact was noted from an oil . . .
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DOWN AGAIN
June 30, 2009 -
Futures again glided lower as traders admitted that weather factors offered no immediate market support, but contended that prices were . . .
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BEARS SEIZE CONTROL
June 29, 2009 -
August futures undertook a forced march lower as traders could find no bullish factors to support prices. The ongoing bearish argument of abundant supplies and lack of demand . . .
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LACK OF CONVICTION
June 19, 2009 -
Prices were relegated to a narrow 12 cent range Friday, but bears enjoyed the upper hand with July futures losing over 6 cents. Short term traders . . .
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BEARISH EIA REPORT POUNDS FUTURES
June 18, 2009 -
The bears drew a couple of lines in the sand, and the bulls had to at least momentarily back off. The EIA reported a stout injection of 114 Bcf, well above expectations in the . . .
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REBOUND OFF THE LOWS
June 17, 2009 -
Prices opened slightly lower and were dealt a momentary blow when a petroleum inventory report proved . . .
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SLIGHT SETBACK
June 16, 2009 -
July futures discovered early in the day that the rarefied air upwards of $4.30 was too thin and prices began . . .
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MOMENTUM DRIVEN ADVANCE
June 15, 2009 -
Prices jumped higher even before the open of floor trading and never looked back. Traders scouring weather reports and any kind of strength in the oft-mentioned crude and equity markets were . . .
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REPORT-DRIVEN SHORT COVERING
June 11, 2009 -
Futures emerged out of their shell of lackluster trading from the last few days and moved sharply higher. Traders responded to a slightly bullish EIA inventory report showing injections of 106 Bcf, . . .
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NO DIRECTION
June 10, 2009 -
Prices moved in lackluster fashion within a modest 13 cent trading range, and ignored hefty gains in crude oil. Prices settled . . .
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LITTLE CHANGE
June 9, 2009 -
The market opened strong, but prices quickly fell to the lows of the day early in the session, and the remainder of the day’s trading was a struggle to . . .
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DOWN AGAIN
June 8, 2009 -
Prices established the lows and the highs of the day early in the trading session and remained stuck in negative territory until the closing bell. Short term traders suggest that for the moment . . .
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MODEST GAIN
June 5, 2009 -
Prior to the open of floor trading natural gas prices were off to the races following the release of supportive government employment figures. Short term traders see . . .
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REBOUND OFF THE LOWS
June 4, 2009 -
Natural gas bears were hoping that the release of EIA storage figures might provide fuel for a continuation of Wednesday’s 35.4 cent trek lower in the July contract.
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FREE FALLIN’
June 3, 2009 -
Futures prices reversed course from the sharp gains posted on Monday and had the trajectory of a . . .
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MARKET LOW IS IN
June 2, 2009 -
Prices opened about 3 cents lower and continued to trade lower throughout the day. After see-sawing lower, prices settled squarely in the loss column, but . . .
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UP AND AWAY
June 1, 2009 -
Bulls were in control from the opening bell, as prices had already staged over a 15 cent gain in overnight trading. Prices finished the day sharply higher. Short term traders suggested that . . .
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RETREAT
May 29, 2009 -
It looked like the bulls were going to firmly take control of the market when prices opened over 12 cents higher. The day’s descent began with the release of . . .
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BIG GAINS
May 28, 2009 -
July futures jumped higher in response to inventory figures somewhat less than the market had been anticipating, but traders noted that . . .
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LIGHT EXPIRATION TRADING
May 27, 2009 -
The last day of trading in the June contract proved uninspired as prices were limited to a narrow 12 cent trading range. Prices made their lows . . .
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SHORT COVERING SEEN
May 26, 2009 -
Prices fell sharply at the open putting in the low of the day’s range early in the trading session. Crude oil and equities markets gained when favorable economic numbers were released and . . .
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DOWN AGAIN
May 22, 2009 -
Natural gas futures continued lower in light pre-holiday trading carving out only a 9 cent range and settling near the low end of the day’s range. Risk managers . . .
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STOUT BUILD PROMPTS PRICE DROP
May 21, 2009 -
The market gave a hint of what was to come when it opened sharply lower. An oversupplied market became even more burdened with the release of . . .
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RANGEBOUND MARKET
May 20, 2009 -
Following Tuesday’s pattern natural gas futures opened lower, but this time was able to follow in crude’s footsteps and post . . .
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DOWN, DOWN, DOWN
May 19, 2009 -
Natural gas futures opened lower and in spite of a strong crude market fell relentlessly throughout the session. Short term traders suggested that the market was anticipating . . .
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MODEST GAINS
May 18, 2009 -
Natural gas futures managed a modest gain trading somewhat on the coattails of stronger crude oil. Oil markets were stronger as traders perceived a strengthening economy in spite of . . .
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FOLLOWING CRUDE
May 15, 2009 -
Natural gas prices opened lower and generally followed the decline in crude oil prices throughout the day. The markets keyed in on economic reports showing that . . .
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SELLERS READY
May 14, 2009 - Prices opened nearly 20 cents lower and remained mired in a deep loss until the release of government inventory data. The report showed . . .
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DIFFICULT RALLIES
May 13, 2009
June futures posted their high early in the session, but by mid-session began a one-way slide and ended the day squarely in the loss column. Traders noted that . . .
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SOLID GAINS
May 12, 2009 -
Natural gas futures posted a double digit opening gain but quickly succumbed to an early session drubbing which took prices down close to unchanged. A subsequent advance was considered . . .
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DULL DAY
May 11, 2009 -
Monday’s trading couldn’t match the action of Friday’s 23 cent advance, and futures remained in about a . . .
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BULLS IN CONTROL
May 8, 2009
Natural gas futures managed to score a healthy gain as employment numbers came in somewhat better than expected, and . . .
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EXUBERANCE
May 7, 2009 -
It was a wild day of trading as prices opened higher, but upon the release of government inventory figures which were . . .
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BIG GAINS
May 6, 2009 -
The June contract made a sustained advance throughout the day mirroring the gains in crude oil. Traders cited a natural gas pipeline explosion, but others said . . .
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OUT OF GAS
May 5, 2009 -
Natural gas futures ran out of momentum to the upside and settled lower on the day. Prices made their high early and not long after the open had . . .
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TWO IN A ROW
May 4, 2009 -
Natural gas futures opened on the lows of the day and staged a consistent advance throughout the day closing at the high end of the day’s range. Price movements in natural gas mirrored . . .
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UP DAY
May 1, 2009 -
Natural gas futures opened about 4 cents higher, and although Globex trading was interrupted, prices managed to close . . .
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BEARISH SENTIMENT
April 30, 2009 -
June futures opened lower, but put in the low of the day following an on-target government inventory report. Prices finished down on the day, and . . .
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SHIFTING RISK/REWARD
April 29, 2009 -
Tuesday’s gains at first look like they were going to continue, and at one point prices were 20 cents higher on the day. A late session slump . . .
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REBOUND
April 28, 2009 -
The May contract didn’t go out with out a fight and managed to gain ground in expiration day trading. Traders had little in the way of . . .
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NEW LOWS
April 27, 2009 -
Natural gas futures opened nearly ten cents lower and kept sliding another five cents before staging a turnaround and moving higher. Prices closed . . .
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DEFLATION STILL AT WORK
April 24,2009 -
The May contract barely managed to open at Thursday’s lows, and from there continued the week’s downward progression. Prices finished at . . .
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PRICES SLUMP ON STOUT BUILD
April 23, 2009 -
It seemed as though natural gas futures were predisposed to head lower with or without storage data from the EIA. Prior to the 10:30 release of the storage figures . . .
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LIGHT TRADING
April 22, 2009 -
Natural gas futures drifted higher in uninspired trading with prices only able to carve out . . .
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DESPERATELY SEEKING SUPPORT
April 21, 2009 -
The May contract opened lower and explored new low territory before enough buying emerged to send prices back above $3.50 technical support. The relationship with the crude oil market . . .
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FOLLOWING CRUDE LOWER
April 20, 2009 -
Natural gas futures opened lower and kept grinding downward for most of the day. Traders expecting a continuation of Friday’s strength admitted that . . .
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HEALTHY GAINS
April 17, 2009 -
Prices put in the low of the day early and from there marched steadily higher throughout the session. Some traders referred to the day’s activity as short covering but others
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EIA DATA NO HELP
April 16, 2009 -
All eyes were on the 10:30 a.m. EDT release of inventory figures, but traders expecting volatile, opportunistic price swings were sorely disappointed.
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PRICES STRUGGLE HIGHER
April 15, 2009 -
May futures opened on a weak note, but soon thereafter traders had to digest negative economic data from the Federal Reserve. In what could be a sign of resilience, prices . . .
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UP AGAIN
April 14, 2009 -
Prices opened largely unchanged, but did manage an unconvincing advance to settle at the high end of the day’s range. The market did exhibit some . . .
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SLIM GAINS
April 13, 2009 -
Prices opened lower and managed to set new contract lows before managing to stage a rally and climb into positive territory. The weak open confirmed to traders that . . .
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THE END IS NEAR?
April 9, 2009 -
May futures eased slightly following the release of government inventory data which showed injections increased over . . .
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CRUDE GAINS LIFT NATGAS
April 8, 2009 -
Natural gas futures got a lift from a moderately favorable crude oil report which showed inventories . . .
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LOWER PRICES IN SIGHT
April 7, 2009 -
For two days natural gas has followed crude oil lower and traders may want to pay close attention to tomorrow’s release of . . .
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FOLLOWING CRUDE LOWER
April 6, 2009 -
Spot futures spent most of the day trading in sequence with the crude oil market. Both crude oil and natural gas opened weaker, continued lower and made their lows at about mid session. There was no . . .
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PRICES INCH HIGHER
April 3, 2009 -
The natural gas market managed to shrug off continued bearish news on the economic front and stage a very modest advance Friday. Traders did need a little convincing at first, however, as . . .
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BEARISH EIA NO PROBLEM FOR BULLS
April 2, 2009 -
May natural gas managed to move higher following a government inventory report showing supplies had increased. The EIA reported . . .
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SMALL BUILD IN PLAY
April 1, 2009 -
May natural gas and crude oil futures trading followed similar patterns. Both opened lower, attempted rallies, and . . .
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