Keeping an Eye On Market Conditions

Market Summary: 20 Jan – 24 Jan 2014

The following is a summary of last week’s market activity and the market outlook:

  • As the cold weather continues to drive short-term price volatility, the Prompt Month contract was finally able to break above the $4.50 level, which it was unable to do in previous weeks, to close the week at $5.18/MMBtu. Spot prices for both power […]
2015-05-07T15:36:32-05:00January 27th, 2014|Market Watch|

Market Summary: 13 Jan – 17 Jan 2014

The following is a summary of last week’s market activity and the market outlook:

  • The previous week’s price declines were quickly erased, as the NYMEX rallied early last week, mostly due to revised weather forecasts calling for more severe cold, ongoing storage concerns and active technical buying near $4.00.  Futures were up 22 cents on Monday and […]
2015-05-07T15:36:33-05:00January 20th, 2014|Market Watch|

Market Summary: 06 Jan – 10 Jan 2014

The following is a summary of last week’s market activity and the market outlook:                  

  • NYMEX volatility continues for the front of the curve, with steep declines last week due to forecasts for significantly warmer temperatures. While price movement last week was focused […]
2015-05-07T15:36:43-05:00January 13th, 2014|Market Watch|

Market Summary: 30 Dec 2013 – 03 Jan 2014

The following is a summary of last week’s market activity and the market outlook:

  • Most of the market’s focus right now is on the extreme cold for early this week that will impact the Midwest to Texas to New England. Expect spot gas and power prices to spike. New England was near $240/MWh for Jan 4, […]
2015-05-07T15:36:54-05:00January 6th, 2014|Market Watch|

Market Summary: 16 Dec – 20 Dec 2013

The following is a summary of last week’s market activity and the market outlook:

  • Natural gas futures rose again due to a record storage report. The Prompt Month was flat or down 4 of the 5 days last week due to moderating temperatures but then rose 20 cents on Thursday after the EIA announced an all-time […]
2015-05-07T15:37:03-05:00December 23rd, 2013|Market Watch|

Market Summary: 09 Dec – 13 Dec 2013

The following is a summary of last week’s market activity and the market outlook:

  • Natural gas continued to rally throughout the week, closing up nearly 25 cents. The Prompt Month hit $4.409 on Thursday, which was a 28-month high. The abnormally cold weather has the market trading at levels we haven’t seen since August of 2011–and […]
2015-05-07T15:37:03-05:00December 17th, 2013|Market Watch|

Market Summary: 02 Dec – 06 Dec 2013

The following is a summary of last week’s market activity and the market outlook:

  • Natural gas prices continued to rally. Prompt Month natural gas broke through the $4.00 key resistance level, setting new 7-month highs above $4.10. Long-term natural gas prices rose slower, as the forward curve continued to become flatter. There is only about a […]
2015-05-07T15:37:14-05:00December 9th, 2013|Market Watch|

Market Summary: 25 Nov – 29 Nov 2013

The following is a summary of last week’s market activity and the market outlook:

  • Natural gas futures rallied again during a short-ended trading week resulting from the holiday. Once again, cold temperatures, forecasts for more cold and a modestly bullish storage report were the causes for the price strength.
  • Gas futures have basically moved from recent lows […]
2015-05-07T15:37:15-05:00December 3rd, 2013|Market Watch|