|Day's Range||3.01 - 3.01|
Strong output growth from some of the U.S. most prolific natural gas basins has propelled the U.S. to a pole-position in global gas markets
Bitcoin has proven to all that it’s able to overcome gravity. Its exponential rise in value, however, isn’t simply due to the impending arrival of institutional investors.
Now that the speculators have been blown out of the market, it may be time to start looking at the long side again, but I don’t suggest trying to pick a bottom. Aggressive buyers should watch for signs of a short-term bottom. These patterns will indicate that the selling has stopped and that perhaps a few hedge funds are rebuilding long positions.
Gold is under pressure mostly because of rising U.S. interest rates. However, I also think prices are weakening because of a surge in demand for crypto-currencies, especially Bitcoin. Some major investors in crypto-currencies feel that they are the “new gold”. If Bitcoin is hit hard on investor liquidation then money may move into gold, giving prices a welcome boost.
In the overall scheme of things, these coins have been forgotten as the Bitcoin market has exploded to the upside with anticipation of a new futures market.
Natural gas markets fell significantly during the week, but we have seen a certain amount of support near the $2.75 level yet again.
On December 7, 2017, natural gas’s implied volatility was 40.5% or ~7.5% less than its 15-day average. On November 29, the implied volatility rose to 47.7%.
Oil prices rose on Friday morning after Chinese data showed that China’s crude oil imports rose to the second-highest on record in November
Baker Hughes will publish its US natural gas rig count report on December 8, 2017. Gas rigs rose by four to 180 on November 22–December 1, 2017.
Suncor Energy (SU) is estimated to generate 700 megawatts of electricity through two cogeneration units, set to replace its aging coke-fired boilers at its oil sands Base Plant.
Norway has slashed its annual payments to Brazil to protect the Amazon rainforest by 60 percent to $42 million after a rise in forest destruction in 2016, but welcomed signs that losses have slowed this year, Norway's Environment Ministry said on Friday. Norway makes annual payments to Brazil as part of a long-term billion-dollar programme to curb the loss of Amazon rainforest to slow global warming.
The new chairman of the Federal Energy Regulatory Commission late on Thursday requested a 30-day delay on a decision on a plan promoted by Energy Secretary Rick Perry to subsidize aging nuclear and coal-fired power plants. Kevin McIntyre, a Republican, wrote a letter to Perry proposing to extend the deadline for a decision on the so-called Grid Resiliency Pricing Rule. Perry in September had issued FERC a directive to consider the rule and decide on it by Dec. 11.
In 9M17, Whiting Petroleum (WLL) reported revenues of ~$1.0 billion—an increase of ~31.0% when compared with its 9M16 revenues of ~$761.0 million.
Between November 29 and December 6, natural gas (GASL)(GASX)(FCG) January 2018 futures had a correlation of -1.6% with US crude oil January futures.
On December 6, natural gas (UNG)(BOIL) January 2018 futures traded at a discount of ~$0.24 to January 2019 futures. This price difference between January 2018 futures and January 2019 futures is called ...
We saw a decline of 33 Bcf (billion cubic feet) in natural gas inventories for the week ended November 24, against market expectations of a decline of 37 Bcf.
Dec 8 (Reuters) - Binhai Investment Co Ltd: * UNIT ENTERED INTO NATURAL GAS ENTRUSTED PIPELINE TRANSMISSION FOUR-PARTY AGREEMENT * BINHAI INVESTMENT SAYS FOUR-PARTY AGREEMENT WITH PETROCHINA TIANJIN ...
Dec 8 (Reuters) - Shaanxi Provincial Natural Gas Co Ltd : * SAYS IT GETS SECURITIES REGULATOR'S APPROVAL FOR A-SHARE PRIVATE PLACEMENT Source text in Chinese: http://bit.ly/2kCxuIQ Further company coverage: ...
The daily chart indicates the January futures contract could continue to drop until at least $2.720 over the near-term before value-seekers and bargain-hunters return.
The daily chart pattern suggests investors should start preparing for the return of volatility since the major downside target is $1214.50 and the major upside target is $1272.30. This suggests we should be looking for some wild trading days over the near-term.
Investing.com - Crude oil prices were nearly flat in Asia on Friday as strong Chinese trade data failed to lift the market and investors looked ahead to US weekly rig count figures.
The coin Gold rolled over again during the trading session on Thursday, as all eyes are on the original Bitcoin. If the US dollar strengthens after the jobs number, that would put downward pressure on the currencies in general, and this one, which already looks rather significantly week should get pummeled. DASH continues to be nauseatingly volatile, reaching as low as $521 during the Thursday trading session, but also coming as close to $800 as the $798 level.