|Day's Range||2.8260 - 2.8720|
Will the Rise in Natural Gas Continue?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 193 last week—unchanged from the previous week. The natural gas rig count has fallen ~88% from its record level of 1,606 in
ExxonMobil's (XOM) expansion to include addition of three LNG trains with a capacity of 2.7 mtpa each on the existing PNG LNG plant site.
Will the Rise in Natural Gas Continue?Natural gas pricesOn March 19, natural gas April futures rose 0.8% and settled at $2.87 per MMBtu (million British thermal units). On the same day, natural gas prices closed at the second-highest level since
Oil is the original global supply chain, exemplifying the free-trade arrangement struck at the end of World War II and backed by American naval muscle. Oil powers trade, relies on that trade, and straddles trade’s economic and geopolitical aspects. Almost 50 years after President Richard Nixon began drawing China into the global system, the current U.S. administration is engaged in skirmishes with Beijing that threaten all-out trade war.
The gold prices bounced higher during Tuesday’s session using the 50 Day EMA as support. The silver prices rallied higher during yesterday’s session but ran into resistance at the $15.50 level and also the 50 Day EMA slope. With USD going weak against major currencies of the world, the silver prices will continue to drive value and pullbacks will offer a nice buying opportunity until it breaks below the $15 level.
We’re looking at a rangebound trade until traders get some clarity from this week’s U.S. Energy Information Administration (EIA) weekly storage report. The short-term range is $2.765 to $2.897. Its 50% level at $2.831 is controlling the short-term direction of the market. We could see a test of this level today.
The nearest upside targets are yesterday’s high at 7421.25, followed closely by the October 16, 2018 main top at 7424.25. Overtaking this level will reaffirm the uptrend. This could trigger a surge into a steep uptrending Gann angle at 7477.75.
Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at .7083 and the 50% level at .7079.
Full Year 2018 Polskie Gornictwo Naftowe i Gazownictwo SA Earnings Call
The U.S. power sector’s pivot away to cleaner energy sources has led to trouble for some domestic energy companies which placed massive bets on coal in the past
The U.S. Federal Energy Regulatory Commission on Tuesday approved Venture Global LNG Inc's request to proceed with full site preparation at its proposed $4.5 billion Calcasieu Pass liquefied natural gas ...
Where Natural Gas Prices Could Head This WeekNatural gas’s implied volatility Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average. Since February, natural gas’s implied volatility and prices have
Crude oil bulls underpinned by positive crude oil price and weaker USD ahead of Fed forward guidance update and the pair is likely to trade range bound until the pair gets a clear directional bias.
Bill Moler has been executive vice president and COO of Tallgrass Energy LP, a Leawood-based midstream energy infrastructure company (NYSE: TGE), since it was founded in 2012.
The stock markets continue to grind higher overall, as the S&P 500, Dow Jones Industrial Average, and the NASDAQ 100 all have reach to higher levels. That being the case, it looks very likely bullish and it should continue to be a situation where value hunters come back in.
Natural gas markets initially tried to rally during the trading session on Tuesday but ran into a bit of resistance at the 50 day EMA. That EMA of course is very important, so it looks like we may be pulling back due to technical trading.
The GBP/USD pair continues to try to grind higher during the trading session on Tuesday, but obviously we have a lot of work to do before breaking out. Eventually, it looks as if we will, and once we do we could go much higher.
Vitol reported higher traded volumes last year on Tuesday, cementing its position as the world's largest oil trader, and said it expected oil demand growth to peak by around 2034. The estimate for demand growth to begin falling is later than before, despite global efforts to reduce carbon emissions from using oil. Vitol's chairman Ian Taylor said in late 2017 he saw oil demand growth peaking by 2028-2030.
The British Pound fell yesterday afternoon after the House of Commons Speaker John Bercow essentially banned Theresa May’s Brexit deal from getting a third vote. Although prices later recovered, this once again highlights the tremendously fluid Brexit equation that markets have to contend with.
Natural gas futures are soaring on Tuesday after a surprise change in the weather forecasts late Monday caught short-sellers off-guard, forcing them to aggressively cover their positions. At 13:46 GMT, May natural gas is trading $2.883, up $0.027 or +0.95%. Most impressive warming will take place this weekend with highs of 60s and 70s spreading out of the southern US northward for lighter national demand.
Gold, silver, and copper are trading up amid dollar weakness. Palladium rallied to all-time highs on speculations of Russian exports ban.
Natural Gas: An Important Update for TradersNatural gas At 3:34 AM EST on March 19, natural gas prices were almost unchanged from the last closing level. On March 18, natural gas April futures rose 2% and closed at 2.85 per MMBtu (million British