Natural Gas Commentary
Natural Gas traded higher settling $3.587 up $0.117 3.4%, unchanged now WoW. The curve was much firmer,
Natgas
Natural Gas Commentary
Natural Gas traded higher settling $3.47, up $0.033 0.9%. The curve was mostly firmer (outside of X/F $0.027 weaker, UNG concludes tomorrow), J13/F14 $0.017 firmer, 14/16 little changed. J13/F14 -$0.528 approaching highs ~$-0.52 (charts/seasonality below). Hub cash was ~$0.19 back this morning, Z-6 down $0.05 to $3.40.
Natural Gas Commentary
Natural Gas traded lower, settling $3.437 down $0.049 (1.4%). The curve was mixed, (X/Z $0.045 lower as the UNG roll continues through Thursday, H13/J13 $0.005 weaker, J13/V13 $0.005 firmer), 13/16 was $0.03 firmer. Hub cash was ~$0.17 back this morning, Z-6 down $0.05 to $3.45.
Morning Coffee Break
Welcome to Wednesday’s Morning Coffee Break – Yesterday’s rally of triple digits on the Dow Jones Industrial and over 14 points in the S&P 500 has put U.S. markets back in the green for the month of October, just 8 session before Friday’s 25th anniversary of the 1987 stock crash.
Morning Coffee Break
Welcome to Friday’s Morning Coffee Break – As we begin the final trading session in the week and finish off the first two full weeks of October U.S. stock indexes are on pace for the largest weekly drop in four months. October historically is a down month as markets prepare for the final two months of the year and it appears Mr. Market wants to stay with tradition as the
Morning Coffee Break
Welcome to Friday’s Morning Coffee Break – As market participants prepare for the final session of week and as traders prepare to close out the first week of the 4th quarter traders find the markets walking a thin line. As of yesterday’s close U.S. markets appear to be on track for their first positive week in 3 weeks. However, as the aforementioned thin line markets could swing to either side
Morning Coffee Break
Welcome to Thursday’s Morning Coffee Break – market participants will need to navigate several market directional influences today. The S&P 500 index has gains for 3 straight sessions with today’s futures suggesting a positive open once again.
Daily Energy Report
The weak tone of yesterday’s session indicates that oil prices may move toward the lower end of the two-week consolidation near $89.00 in the near-term. Focus will be on DOE inventories and ADP payrolls today, which may offer modest pressure. Pressure could also come from a lack of investment moving into energy markets at the start of Q4, concerns over global growth, and a slow pace of reform in Spain and Greece. Support may be found from favorable car sales reported yesterday, and relative strength in the euro. We’d look for prices to test support at $88.95 (Sep 26th low) over the next few days.