Your Search Returned 68 tagged news reports
Gasoline prices are shown at a gas station in Del Mar, California March 9, 2011. HO contracts have been trading in a sideways range over the last week or so...Overall the entire oil complex has moved away from the strong downside correction that was
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The Nat Gas market blew through two resistance areas last week after yet another bullish weekly EIA inventory report. Colder than normal temperatures have continued to result in an atypical high level of Nat Gas heating related demand. With colder
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Nat Gas futures have continued to remain above the old upper range support level of $3.50/mmbtu for the longest period of time since the beginning of the winter heating season. In fact the spot contract breached the $3.66/mmbtu resistance level for
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The technicals have broken down throughout the oil complex with the only positive technical indicator at the moment is the fact that all of the commodities in the complex are currently oversold and now susceptible to a round of short covering in what
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The pattern that has taken place is a rally ahead of the release of the EIA inventory data followed by selling after the data is released. So far with a few hours left to trading today the aforementioned pattern has held. Today's inventory report was
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The news comes as a UK government report on Tuesday backed the exploration of shale gas using the controversial hydraulic fracturing, or fracking, drilling method blamed for two small earthquakes in Britain last year. I would like to see a close
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If the rest of the heating season does not get hit with a late season cold spell not only will the spot futures contract breach the lower end of the trading range but the probability of it testing the psychological $3/mmbtu level will increase
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Nat Gas related heating demand than the forecasts from earlier in the week. That all said the spot Nat Gas futures prices is still solidly trading within the $3.20 to $3.50/mmbtu trading range that has been in play since early November of 2012.
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Fifference Between Current Total Nat Gas Inventories Compared to Last Year and the Five Year Average The Nat Gas market is quickly running out of opportunities for a sustained cold spell. Although the winter has been colder than last year it is still
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The market has viewed the data as bearish in that the market is off about 2% as of this writing. It also supports my view that I have discussed in the newsletter that yesterday's gain in prices were mostly driven by a short covering rally ahead of
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