Investing.com - Financial Markets Worldwide
🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Natural Gas Futures - Jul 24 (NGc1)

CME
Symbol
Exchange
Currency
NGDerivedUSD
MNGc1MCXINR
NGLNMc1ICEGBP
NGc1CMEUSD
NGc2CMEUSD
NGc3CMEUSD
MNGc2MCXINR
MNGc3MCXINR
NGLNSc1ICEGBP
NGLNSc2ICEGBP
NGLNSc3ICEGBP
NGc4CMEUSD
NGc5CMEUSD
NGc6CMEUSD
NGc7CMEUSD
Currency in USD
Disclaimer
2.937
+0.116(+4.11%)
Closed

Natural Gas Futures Discussions

bush man...save me a seat at cattleman's steakhouse...just saw a show on it...wow !
Greta...feel the heat.....by now hope you realize..1. this mkt could not care less about surp-lus...2. mkt looks fwd...that's why it's called futures...past is irrlevent...3. production has not cracked 100...algos are buying dips..4.next 45 days are hot...join the longs already...free mojitos and sunny all day
gonna fall this week don't worry...fed meeting, rates decision, ppi, cpi, storage report...gonna be a green week for my shorts
we will remind you of this comment here on friday
yes...of course, no forget...write it down...Friday around 2.6 we close the week...and i will remind you of ur calls 3.3
mh mh, buy your gas somewhere else. Like js
The weather data got milder vs the forecast on last Friday for this week
By the case a coming bearish day would not change bullish trend !! By next week end 3.3 $ shall be prited !!
Market will open with a retracment around 2.84... then will start the rise till 3.2 and 3.5 in this week..
It will? Do you control whether NG is up or down? Oh powerful Indian!
Crazy.. i have long positions from 2.880 2.920 2.940 sl 2.800 tgt 3.2 next week. We have closed on daily above resistance level of 2.900 . Broken 200 ema daily retetsed and now heading higher… we have multiple times tested and broken 2.8500
NG will touch level of 3.8 to 4.0
Crazy.. yes huge short covering and my personal tgt 3.7
Keep in mind GWDDs do not take into account humidity, which is a major factor for power demand. It takes 1000 btu per pound of water to condense water out of the air. The heat index that takes humidity into account is always higher than the actual temperature. An 85 'F Day at 70% relative humidity actually feels like 93 'F. So, you can multiply GWDDs by around 110% for correction to GWDDs. When temperatures go down, generally humidity goes up for a net even power burn because even inside a building, humidity affects comfort level and must be lowered first before lowering temperature.
aren't you the one who making bullish calls since late December NG HAS huge gaps between contracts , you are not trading stocks , if you are a bull since December you will be broke by now plus my previous port claimed to ignorant for trading NG for 5 years , hoe can you trade a commodity where you $2000 between future contract and expired contract and this alll happened since the Russian war and my guess if you trade , you trade ETF which I traded imy ignorance days
I used to one you but I never pretended like you guys on this site , nw I am full. time trader but not I'm NG , because you can trade a commodity with no volume , om. Friday 1 tick in 10 bond had over 1 million tick which was a sign that was going yo trade in the opposite direction the following day , trading ETF Its like a blind man leading the blind
even when you get lucky in NG NOT not because it was the right call , then have super thin volume, it can go In any direction not mention hedge funds that makes to certain direction than allow the rest to move it higher so they start the selling , in summer you follow the chart , in winter you follow inventories plus 2 week future forecast
that's why I think most people here are non traders , nobody ever as why why ? a real trader wants know the reason behind the call but likes and dislikes is the clueless want be ,
at first glance thought we are heading up which will happened but only 2 or 3 days but my hunch we will sell deep after that , given the low consolidation was around 2.50 I expect buyers to show up a bit above that.
3.53 by mid July.
Why? The surplus is gone?
The actual storage may be higher but the time to drain it based on demand has shortened. storage is for emergency use and will not last as long as just a few years ago. the cost of production is going up not down. Place your bets!
strong cooling demand in western regions was expected to ease into the weekend….Due to HEATWAVE there is strong cooling demand only in Western USA for the current week….other parts of USA its normal
Heating up here later this week again! 90’
its lot lot better compared to triple digit temperature and 90’ is warm but not a HEAT WAVE kind of situation
Don't forget the number. 30 TRILLION
feed gas volumes have declined, partly due to maintenance at Cheniere Energy Sabine Pass Freeport LNG has shown signs of recovery. Regional price movements varied, with California prices falling and West Texas prices rising
Technically, the focus for bullish traders should be the potential resistance zone at $2.918 to $3.102.
monday or tuesday we will cross 3.00 Dollar. I wonder if we than first fall back to maybe 2.90 or if we moon directly from there.
Is the heatwave getting hotter or milder
Milder
But in 6 days will be back stronger and hotter
We may get a pullback first then
The price increase is mainly due to early heat wave and last year the price at this time was 2.33…also heat wave is present only in western/southwest US right now and rest of the US is in storm zone and normal zone
Fitures, not “right” now
that is why it went upto 2.96 level…this is not winter season/no supply crunch/no HEAT WAVE through out USA to go 3$ above
The recent unseasonable heat is easing a bit in the Southwest this weekend, but Excessive Heat will build into central California over the next several days. Meanwhile, severe thunderstorms will be possible on Sunday from the High Plains all the way to the coast of the Carolinas, with areas of heavy rainfall possible in the Plains and mid-Mississippi River Valley
Based on the 18z run of the GFS ENS computer model, for the 4 natural gas storage weeks from June 1 to June 28, Natural Gas-Weighted Degree Days (GWDDs)--a composite of heating & cooling degree days and population distribution patterns that estimates the contribution of temperature to natural gas demand--will total 341 GWDDs, 21% above the historical average of 281 GWDDs suggesting that temperature-driven natural gas demand will be elevated relative to seasonal averages. Compared to the computer model run from 6 hours ago, forecast GWDDs have fallen -6 GWDDs or -1.7%.
Realtime Natural Gas Inventories Current Storage : 2985.5 BCF ; Vs. 5-Year Avg +572 BCF (+23.7%) ; Vs. Year Agot+362 BCF (+13.8%) Updated: June 9 2:14 AM
now where ng going upward or downward
Today's projected +13 BCF injection is 0 BCF smaller than yesterday's 13 BCF build. It is 1 BCF bearish compared to last year's +12 BCF build and 1 BCF bearish versus the 5-year average 12 BCF/day build.
The cold front over the central U.S. is expected to continue advancing south into the southern Plains and east into the southern Mid-Atlantic region on Sunday, bringing cooler temperatures to the central U.S. Forecast high temperatures on Monday are expected to be about 20 degrees colder compared to the expected high temperatures for today. Cooler than average temperatures are also expected for the Great Lakes region where reinforcing cold fronts will move through the region through Monday in addition to showers and thunderstorms. Across the western and southeastern U.S., warmer than average high temperatures are in the forecast through Monday, although a break is coming from some of the excessive heat experienced over the past few days across California, the Desert Southwest and Texas. A cold front will move through the West over the next couple of days which will bring some relief from the high temperatures along with an increasing coverage of showers and thunderstorms.
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.