I don`t know what your actually referring to but so be it, i`ll address the fact that I bought 5000 trading shares at $2.53 and that I post what I find around the net here to help others. This is a trading vehicle play nothing more. GL
March 9th - March 15th: Much more seasonable temperatures will cover the US this week, with only the northeastern US experiencing chilly temperatures at times, especially as a glancing blow of colder Canadian air sweep through Thursday into Friday. A weather system over Texas will drift into the Southeast as the week progresses, finally tracking north into the Northeast with rain and snow this weekend. The West will remain mildand mostly dry throughout. Heating demand will be mainly MODERATE this week with more typical March temperatures, although some regions will be LOW.
Current Annualized Cost 14.88%
Annualized Cost 1 Week Previous 17.50%
Historical 03/06 5YR Annualized Roll 23.23%
CONTANGO WATCH: Natural gas' contango narrowed a bit.
ROLL COSTS: It costs investors 14.88 percent annualized to roll front-month natural gas contracts.
BOTTOM LINE: Contango
Winter draws to an end and analysts have warned that prices are vulnerable in the near term as the colest part of the winter has effectively passed and below normal temperatures in March mean less than they do in January and February, not the weather has played much of a role this year!
You buy it in here AH`s for a bounce and gap fill tomorrow. Seems only good for a flip day trade now. My utility wants to raise the price 18%-25% and i`m sure the state will give it to them.
If NG futures can not hold above $2.70 resistance today then the bears still have the ball. Game on!
March 1st - March 7th: The eastern US will warm the next few days ahead of another strong Arctic cold blast that will sweep across the US as the week progresses. This will bring several days of very strong heating demand. There will also be showers and strong thunderstorms along the cold front as it sweeps across the southern and eastern US, along with some snowfall into the colder air. Temperatures will begin thawing this coming weekend as high pressure strengthens, which will ease heating demand.
Is it finally time to buy natural gas?
Natural gas can be a great market to trade this time of year. Hurricane season is still months away, and with U.S. gas demand met almost entirely from domestic production, the market is somewhat insulated from geopolitical events. This allows the market to take price direction almost exclusively from core supply/demand fundamentals.
There is no shortage of natural gas at the retail level right now. In fact, nat-gas prices plunging by 40% since the December highs indicate one thing: The market believes supplies are more than adequate to meet demand needs for the rest of heating season.
Yet, investors not familiar with the demand cycles of energies may find it curious that supplies are now at their lowest levels of the year. How can this be? Doesn't low supply mean higher prices?
The answer is, yes and no. For low supply means little, if demand is lower.The natural-gas demand cycle
In the futures markets, commodities take their price cues from demand at the wholesale level. And while retail demand for natural gas may be highest in winter, March wholesale demand is virtually nil.
This is because wholesalers (or distributors), spend the months leading up to demand season building their inventories. This means buying it from producers. Socking away inventories means rising demand at the wholesale level. This often serves as a bullish influence to prices.
U.S. natural gas futures ended Friday's session close to a two-week low, as extended forecasts called for warmer weather across the majority of the U.S. in the second week of March.
On the New York Mercantile Exchange, natural gas for delivery in April fell to $2.684 per million British thermal units, the lowest level since February 13, before ending at $2.711 by close of trade, up 1.4 cents, or 0.52%.
Futures were likely to find support at $2.680 per million British thermal units, the low from February 13, and resistance at $2.888, the high from February 26.
Bearish speculators are betting on the warm weather reducing late-winter demand for the heating fuel.
The heating season from November through March is the peak demand period for U.S. gas consumption.
On Thursday, natural gas plummeted 16.5 cents, or 5.77%, after data showed that U.S. natural gas supplies fell less than expected last week, underlining concerns over weak demand.
Natural gas storage in the U.S. declined by 219 billion cubic feet last week, compared to expectations for a decline of 241 billion.
The five-year average change for the week is a decline of 131 billion cubic feet, while supplies fell by 117 billion the same time last year.
Total U.S. natural gas storage stood at 1.938 trillion cubic feet, 1.5% below the five-year average for this time of year.
Last spring, supplies were 55% below the five-year average, indicating producers have more than made up for last winter’s unusually strong demand.
For the week, Nymex natural gas prices tumbled 27.5 cents, or 8.8%, the first weekly loss in three weeks. Futures ended February with a gain of 0.87%, halting four straight monthly declines.
If you had a level 4 trading system you would see the tades differently. I`m able to see the actual full form trade buy.sell or split trade and this last one was sold by an MM to someone. T form ticket :16:14:27pm buy 2.6011 2200000 NDD
Northeast gas demand hits record high
Natural gas demand in the northeastern United States hit 43.1 billion cubic feet (Bcf) on Monday, according to Bentek Energy. This is the highest level in Bentek's 10-year history, and exceeded the previous high set during last year's polar vortex by 1.2 Bcf in January 2014. Low temperatures in the Northeast over the weekend and into the week also led to price spikes and pipeline constraints. Prices jumped at the Algonquin pricing point, which serves Boston-area consumers. On Friday, February 13, prices spiked to $23.51/MMBtu heading into the three-day weekend, reflecting expectations for high demand in an area that has already been hammered by several recent snowstorms. Prices at Algonquin eased slightly on Tuesday, but prices at Transco's Zone 6 delivery point into New York City jumped to $37.04/MMBtu on Tuesday and then to $38.15/MMBtu on Wednesday, its highest level this winter, likely reflecting forecasts for more cold weather to come. Bentek projects demand tomorrow could reach a record high, as forecasted low temperatures for many areas in the Northeast are in the single digits and teens. Demand is expected to fall this weekend as temperatures remain cold, but rise to more normal levels. While prices this week have spiked, the prolongedsevere winter of 2013-14 led to much higher increases, with prices rising above $100/MMBtu at Transco Zone 6 and $78/MMBtu at Algonquin.
Why come up with this nonsensical BS? Get back on topic, your better than this post!
Another strong polar blast continues to sweep across the central and eastern US with much colder than normal temperatures. Snow will continue along the eastern slopes of the Rockies while pushing into northern Texas. Temperatures will thaw early next week over the southern and eastern US to ease heating demand, butanother cold blast will follow mid-week along with heavy rain and snow. Heating demand will be VERY HIGH, but will ease to HIGH with the warming early next week.