Natural-Gas Futures at 20-Month High on Cold Weather, Inventory Drop

Natural-gas futures climbed to a 20-month high Thursday after government data showed supplies dropped in the latest week and the central U.S. braced for below-normal temperatures.

The Energy Information Administration said 14 billion cubic feet of gas was withdrawn from storage last week. Analysts surveyed by Dow Jones Newswires expected a drop of 11 bcf, but the decline was smaller than some surveys, which called for a fall of 21 bcf.

Storage now stands at 1.673 trillion cubic feet, down 32.5% from the record year-earlier level and 3.8% below the five-year average for the week.

Typically, gas storage increases at this time of year, as the peak winter demand season ends. But lingering below-normal temperatures across the eastern U.S. in recent weeks has sparked unusually strong demand for gas-fired heating, requiring companies to pull fuel from storage to meet customer needs.

The 14-bcf drop compares with a year-earlier rise of 11 bcf and a five-year average rise in the week of 15 bcf.  Along with tightening storage levels, temperatures in the central U.S. have turned dramatically colder and are expected to remain frosty through late April. "The weather is having a significant impact on higher prices," said Kyle Cooper, analyst at IAF Advisors.

May-delivery natural gas futures on the New York Mercantile Exchange settled 5.4 cents, or 1.3%, higher at $4.185 million British thermal units. Prices settled at the highest level since Aug. 2, 2011 for the second time in five sessions.

Mr. Cooper said gas inventories are likely to grow next week, but said significant builds will have to occur to cool prices.

"This is a 'show-me' type market and until we people putting gas into the ground, these prices are going to stay strong," he said, adding that inventories are far from levels that should raise concerns. "The year-on-year comparisons are incredibly bullish. We are tighter than last year, but we are not super, super tight," Mr. Cooper said.

The EIA noted in a separate report that high prices compared with year-earlier levels have cut demand from the power-generating sector. Natural-gas use by the U.S. power-generation sector dropped 16% in March from a year earlier, the EIA said. First-quarter prices have climbed by about one-third from 2012 and April levels are double the decade lows hit a year earlier. Bargain-priced gas cut deeply into coal's market share in the power generation sector, but that move is showing signs of unwinding, the EIA said.

The year-on-year drop in gas use in the power sector of about 3.5 billion cubic feet per day, "will likely be maintained for the remainder of the [springtime] shoulder season and it may indicate a shift back to more coal-fired power generation," the EIA said.


FUTURES SETTLEMENT NET CHANGE
Nymex May $4.139 +5.4c
Nymex June $4.179 +5.2c
Nymex July $4.225 +5.1c

CASH HUB RANGE PREVIOUS DAY
Henry Hub $4.10-$4.14 $4.03-$4.18
Transco 65 $4.08-$4.1325 $4.075-$4.18
Tex East M3 $4.24-$4.35 $4.30-$4.37
Transco Z6 $4.25-$4.70 $4.60-$5.08
SoCal $4.06-$4.20 $4.02-$4.17
El Paso Perm $3.9625-$4.015 $3.9225-$4.00
Waha $4.05-$4.10 $4.03-$4.06
Katy $4.05-$4.105 $4.03-$4.095

Natural gas news

MCX Natural Gas April contract is looking positive the day. Market may find support near 221 & 218 intraday resistance can be seen near 227 & 230. Day traders are advised to buy intraday on dips. (Buy around 221 with SL 218 for the target of 227 & 230.) 

Natural gas news

Trend updated for-Apr/12/2013.CMP-225 The Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 220-215-199-194-191-. Immediate resistance for Naturalgas is 236

Currently Naturalgas is in HOLD SHORT position Naturalgas is showing some Up momentum So buy above 226.0 with stop at 218.3 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 229.2 with a stop at 222.4 Below 220.4 go for sell and put stop at 227.2
Intraday Resistance of NATURALGAS are 226.8/228.8/232/235.7/243.1/247.2/255.1/263.2
Intraday Support of NATURALGAS are 222.8/220.8/217.6/212.9/206/202.3/195.2/188.3

Natural gas futures turn higher after U.S. supply data

Natural gas futures erased losses during U.S. morning hours on Thursday, re-approaching a 20-month high after a report from the U.S. Energy Information Administration showed natural gas supplies fell more-than-expected last week.

On the New York Mercantile Exchange, natural gas futures for delivery in May traded at USD4.136 per million British thermal units during U.S. morning trade, up 1.2% on the day.     

Prices fell by as much as 1% earlier in the day to hit a session low of USD4.048 per million British thermal units.

The May contract traded at USD4.054 prior to the release of the U.S. Energy Information Administration report.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended April 5 fell by 14 billion cubic feet, compared to expectations for a drop of 13 billion cubic feet.

Inventories increased by 11 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 15 billion cubic feet.

Total U.S. natural gas storage stood at 1.673 trillion cubic feet as of last week. Stocks were 804 billion cubic feet less than last year at this time and 66 billion cubic feet below the five-year average of 1.739 trillion cubic feet for this time of year.

The report showed that in the East Region, stocks were 92 billion cubic feet below the five-year average, following net withdrawals of 16 billion cubic feet.

Stocks in the Producing Region were 46 billion cubic feet below the five-year average of 736 billion cubic feet after a net withdrawal of 5 billion cubic feet.

Natural gas prices were lower earlier despite weather forecasts pointing to below-normal temperatures in the key Northeast market in the next six-to-10-days.

Nymex gas prices have risen sharply in recent weeks, gaining almost 25% since mid-February, boosted by calls for colder temperatures in major consuming regions across the U.S. that helped tighten the market.

Still, some analysts have warned that further gains may be limited with spring's low-demand shoulder season looming.

The heating season from November through March is the peak demand period for U.S. gas consumption. Nearly 50% of all U.S. households use gas for heating.

Gas use typically hits a seasonal low with spring's mild temperatures, before warmer weather increases demand for gas-fired electricity generation to power air conditioning.

Elsewhere on the NYMEX, light sweet crude oil futures for delivery in May fell 0.5% to trade at USD94.17 a barrel, while heating oil for May delivery dropped 0.8% to trade at USD2.923 per gallon.

Analysts Forecast 11-Bcf Drop in U.S. Natural-Gas Stockpiles

Analysts and traders expect government data scheduled for release Thursday to show a decline in U.S. natural-gas inventories.

The U.S. Energy Information Administration is expected to report that 11 billion cubic feet of gas were withdrawn from storage during the week ended April 5, according to the average prediction of 14 analysts and traders in a Dow Jones Newswires survey.

The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EDT (1430 GMT).

The survey's median result was for a draw of 10 billion cubic feet, with a low estimate of a 21-bcf draw and a high of a 1-bcf draw. The storage estimate stands in contrast to the year-ago period and the five-year average change to stockpiles during this time of year. During last year's period, 11-bcf were added to storage, while an average of 15-bcf were added to storage for this week over the past five years.

If the storage estimate is correct, inventories as of April 5 will total 1.676 trillion cubic feet, about 3.6% below the five-year average and 32% below last year's level for the same week.

Natural gas news

Natural gas prices are expected to trade sideways from Rs 226 to Rs 218. one can sell with a stop loss below Rs 226.

Active Hurricane Year Boosts Odds for U.S. Hit

An above-average number of storms will emerge from the Atlantic this hurricane season, and the odds of the U.S. being hit by a major system are about 70 percent greater than predicted last year, Colorado State University researchers said.

Eighteen named storms will develop in 2013, the CSU forecasters said today in their initial seasonal outlook. Nine of the systems are expected to become hurricanes, four of them major systems of Category 3 or higher with winds of at least 111 miles (179 kilometers) per hour. The CSU team estimated the chances of a major hurricane strike on the U.S. this year at 72 percent, compared with 42 percent last year. Sandy, which devastated parts of New York and New Jersey in October, had winds of Category 1 level.

“We think we will have a pretty active season here,” said William Gray, professor emeritus of atmospheric science at the Fort Collins, Colorado, university, who pioneered long-range hurricane forecasting 30 years ago. “Things are just looking good.”

Atlantic hurricanes are watched closely because of their threat to major U.S. population centers and to the Gulf of Mexico. The Gulf is home to 7 percent of U.S. natural gas output, 23 percent of oil production and 44 percent of refining capacity, according to the Energy Department.

Hurricane Isaac, which went ashore in Louisiana last August as a Category 1 storm, shut in as much as 95 percent of Gulf oil and 73 percent of natural gas as companies evacuated offshore platforms and drilling rigs.
Strike Odds Gray and co-author Philip Klotzbach said the 20th-century average for a U.S. strike from a major storm is 52 percent. The last was Hurricane Wilma in 2005 and the seven years since then is the longest stretch on record without one.

“We have been very lucky,” Gray said. “That luck, statistically speaking, shouldn’t keep holding up. I don’t think people know how lucky we have been.”

Gray said a lack of warming in the central Pacific Ocean is one reason researchers believe 2013 will be an active season. When the central Pacific warms, in a phenomenon called an El Nino, it causes wind shear to increase across the Atlantic basin. High wind shear tears at the structure of budding hurricanes, robbing them of power or destroying them. Last year, the CSU forecasters initially predicted 10 named storms, about half of what developed, in part because they expected an El Nino to form. The 30-year average for the Atlantic storm period, which runs from June 1 through Nov. 30, is 12 systems, according to the National Hurricane Center in Miami. A storm gets a name when sustained winds reach 39 mph.

The central Pacific is currently in a neutral state and is expected to remain that way for at least the next three months, the Australian Bureau of Meteorology said yesterday.

“If an El Nino formed and came in, that is the only thing that could dampen a pretty active year,” Gray said by telephone. “The El Nino looks not very likely.”

Weather patterns and sea-surface temperatures across the Atlantic have lined up to produce ideal conditions for tropical systems to form, he said. Longer-range patterns, such as a warming in the Atlantic called the multi-decadal oscillation, also affect storm development. One of these warmer periods, which can last 20 years or more, began in 1995 and since then the Atlantic has on average produced more storms than during the previous one, from 1970 to 1994.

Michael Schlacter, chief meteorologist with Weather 2000 Inc. in New York, said he agreed with Colorado State’s assessment that the season will be active. What’s more important is where the storms will go, and that can’t be determined this far in advance, he said by telephone.
Active Seasons

For the past three years, the Atlantic has spawned 19 storms each season, tying with 1995 and 1887 as the third-most active period in records going back to 1851. The 28 storms in 2005, which included Hurricane Katrina, were the most. The odds of a major storm strike on the East Coast, including the Florida Peninsula, are 48 percent this year, compared with the 20th-century average of 31 percent, the CSU team said. The Gulf Coast has a 47 percent chance, compared with the average of 30 percent.

While a major storm hasn’t hit the U.S. in more than seven years, the U.S. sustained severe blows from Irene in 2011 and Isaac and Sandy last year.
Storms’ Toll

Irene killed 49 people, 41 of whom were in the U.S., and caused about $15.8 billion in damage from the Caribbean to the Northeast, according to the hurricane center. It hit Vermont particularly hard, as flooding washed out nearly 2,400 roads and damaged 800 homes and businesses as well as 300 bridges.

Isaac killed 34 people along a path that began in the Caribbean, and caused an estimated $2.35 billion in U.S. damage, the hurricane center said. Isaac also delayed the start of the 2012 Republican National Convention in Tampa, Florida. Sandy, which went ashore in New Jersey as a hybrid storm, is believed to have directly killed at least 147 people, 72 of them in the U.S., according to the center. An additional 87 people died in the aftermath, the center said.

The storm also destroyed or damaged 650,000 homes and knocked out power to 8.5 million customers, some for weeks, said a center analysis that estimated damage of at least $50 billion. That would make it the second-costliest since 1900, after Katrina, the center said.

Natural gas news

Analysts and traders expect government data scheduled for release Thursday to show a decline in U.S. natural-gas inventories.

The U.S. Energy Information Administration is expected to report that 11 billion cubic feet of gas were withdrawn from storage during the week ended April 5, according to the average prediction of 14 analysts and traders in a Dow Jones Newswires survey.

The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EDT (1430 GMT).

The survey's median result was for a draw of 10 billion cubic feet, with a low estimate of a 21-bcf draw and a high of a 1-bcf draw. The storage estimate stands in contrast to the year-ago period and the five-year average change to stockpiles during this time of year. During last year's period, 11-bcf were added to storage, while an average of 15-bcf were added to storage for this week over the past five years.

If the storage estimate is correct, inventories as of April 5 will total 1.676 trillion cubic feet, about 3.6% below the five-year average and 32% below last year's level for the same week.

Natural Gas gains on market talk of bullish supply data

Natural gas futures shot up in afternoon trading on Wednesday, approaching 20-month highs on talk weekly supply data due for release on Thursday will reveal rising demand for the commodity. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at USD4.093 per million British thermal units, up 1.88%.

The commodity hit a session low of USD4.026 and a high of USD4.160. The U.S. Department of Energy will release weekly supply data on Thursday, though early withdrawal estimates range from 20 billion cubic feet to 36 billion cubic feet.

Inventories increased by 11 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 15 billion cubic feet.

Total U.S. natural gas in storage stood at 1.687 trillion cubic feet as of last week, 32% lower than last year at this time and 2.1% below the five-year average.

Gas inventories had held above the five-year average since September 2011. Meanwhile, updated weather forecasts called for a return of below-normal temperatures for central portions of the U.S., which pushed up prices even further.

U.S. Elsewhere on the NYMEX, light sweet crude oil futures for delivery in May were up 0.28% and trading at USD94.47 a barrel, while heating oil futures for May delivery were down 0.56% at USD2.9449 per gallon.

Natural gas news

Trend updated for-Apr/11/2013.CMP-225 The Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Naturalgas is now trading in overbought level. The Naturalgas is now trading in overbought level. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 220-219-214-198-193-191-. Immediate resistance for Naturalgas is 236

Currently Naturalgas is in HOLD LONG position Naturalgas is moving sideways so short term investor better to buy if close above 234.8 closing below 216.2 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 230.1 with a stop at 222.9 Below 220.7 go for sell and put stop at 228
Intraday Resistance of NATURALGAS are 227.5/229.6/233.1/235.5/242.8/247/254.9/262.9
Intraday Support of NATURALGAS are 223.3/221.2/217.7/212.7/205.9/202.1/195/188.1

New data, technology boost U.S. natural gas estimate

Reflecting both new information about natural gas reservoirs and advances in technology, a committee convened to study natural gas resources said Tuesday that the United States has almost 2.4 quadrillion cubic feet of natural gas that can be recovered with existing drilling techniques.
That's 26 percent higher than the previous assessment at the end of 2010.
The Potential Gas Committee, made up of representatives from energy companies, has produced an assessment of the potential supply of natural gas every two years since 1964.
“The news is good,” said John B. Curtis, professor emeritus of geology and geological engineering and director of the Potential Gas Agency at the Colorado School of Mines who worked with the committee to produce the assessment.
The American Gas Association, which helped launch the report, has pushed for expanding the use of natural gas, including as a transportation fuel.
Chris McGill, vice president for policy analysis at the association, noted the combination of technological advances and the widespread availability of natural gas in virtually all parts of the country.
“Certainly the American Gas Association sees a great opportunity within this country,” he said.
Still, there are regional variations.
The Atlantic region, which includes the gas-rich Marcellus Shale, has the most potential resources, with an estimated 741.3 trillion cubic feet.
The Gulf Coast region, which includes a portion of Texas, all of Louisiana and much of the Gulf of Mexico, was the second-highest, with an estimated 521 trillion cubic feet.
The rest of the country is broken down into four additional regions and the state of Alaska.
The committee's figures don't include the Energy Department estimate of proven dry-gas reserves — 304.6 trillion cubic feet.
Added together, that would give the United States a total future supply of 2.7 quadrillion cubic feet of natural gas.
The report drew cheers from other natural gas trade groups.
“No other energy source has the potential to improve air quality, boost our economy and add to our nation's energy security on such a large scale,” said Erica Bowman, chief economist for America's Natural Gas Alliance.
“The Potential Gas Committee's report offers further confirmation that our nation has a vast supply of clean and affordable natural gas, and we ought to be taking greater advantage of its potential in power generation, industrial applications, transportation and exports.”
But there may be a more nuanced response from the general public.
The University of Texas Energy Poll, which was released Tuesday, found that while the public generally supports increased domestic energy production, it is almost evenly split on the use of hydraulic fracturing: 45 percent of people who said they're familiar with the technology said they support its use, while 41 percent oppose it.
And 43 percent said there should be more regulation of hydraulic fracturing.
The technology, combined with horizontal drilling, is credited with allowing producers to tap into the nation's natural gas reserves.
That, Curtis said, is responsible for the growth in both production and potential.
Curtis said use of natural gas in the United States now is about 25 trillion cubic feet a year.
“The committee does not assume a time frame of development,” he said. “This is a geological look.”
Nor did it consider the price of natural gas, although that clearly is a factor for natural gas producers.
Mike Decker, executive vice president and chief operating officer of Denver-based Gasco Energy and a member of the committee, said his company hasn't drilled a natural gas well for nearly three years, partly because of low gas prices.
Natural gas dipped below $2 per million British thermal units last year, but has since recovered somewhat, closing at $4.017 in Tuesday trading on the New York Mercantile Exchange.
“We need about $4.50 to give us a rate of return we can live with,” Decker said during a conference call with reporters.
Changes in hydraulic fracturing technology have lowered costs and are making it economic to drill at lower natural gas prices, Decker said.

Read more: http://www.mysanantonio.com/news/energy/article/New-data-teachnology-boooost-U-S-natural-gas-4422062.php#ixzz2Q443IIIn

NATURAL GAS NEWS -The Goldman Seal of Approval

Natural gas broke out above $4.00 in decisive fashion as the trade seemed to embrace the fact that the Goldman Sachs has upped their natural gas forecast getting more in line with my forecast and catching up with the bottom that I called in January. The natural gas market seemed to rally after the Goldman seal of approval yet readers of The Energy Report should have been expecting this breakout all along. W'e glad Goldman is catching up with my earlier call.

As reported by Reuters News, “Goldman Sachs has raised its 2013 U.S. natural gas price forecast by 17 percent, citing cold weather in March and a tightening market.” It seems Goldman realizes that, “demand growth against stable production has lowered U.S. inventories to 1.7 trillion cubic feet (Tcf) at the end of March from 2.5 Tcf last year. So it raised its Nymex natural gas price forecast <NGc1> to $4.40 per million British thermal units (mmBtu) for the balance of 2013 from $3.75 per mmBtu.

While some may have been waiting for an excuse or intervention from Goldman Sachs to drive this market higher, the truth is the fundamentals for this market are getting more bullish each day and it is getting harder for the former bears to ignore it. Natural gas inventories fell below the five year average for the first time in 19 months. We had hot weather in Texas and below normal temperatures in the Midwest and Northeast. Falling natural gas rig counts, near record demand and sharply risng demand expectations all are conspiring to put in a solid low.
On Friday producers seemed to be saying quite clearly that we need a higher price for natural gas to keep up with rising demand. The Baker Hughes Natural Gas rig count fell to a 14 year low as producers seem to be demanding higher prices. That is especially true in the back end of the curve as it is being projected that next winter supply of gas will be at the lowest level since 2008. To avoid shortages prices must rise to make sure that demand is met.

Demand expectations are rising because as Bloomberg News reported power producers including Duke Energy Corp., NRG Energy Corp., Southern Co. and Dynegy Inc. say they plan to run their gas-fired units this year at close to the top rates of 2012 as the EPA puts pressure on coal.
As I wrote in mid March, “In what could be the best long term play in all of the commodities markets, the natural gas may be on track to create a major bottom. The reason is that because of the shale gas revolution and the the low price of natural gas, demand is being created. Low prices at some point always cure low prices and with the abundance of natural gas, it's cleaner burning properties means natural gas time is here.”

As reported by Bloomberg News February 22, “Gas for delivery in three years may rise to between $5 and $8 per million British thermal units should LNG terminals from Texas to Oregon start moving cargoes, according to estimates from BNP Paribas, Price Futures Group and Barclays Plc. That’s at least 14 percent higher than where markets are pricing 2016 gas today, based on Bloomberg Commodity Fair Values. As much as 10 percent of U.S. output is likely to be earmarked for export as LNG by 2016, according to Goldman Sachs Group Inc. estimates.” “Gas for delivery in 2015 costs an average of $4.21 per million Btu and $4.40 for 2016, according to Bloomberg Commodity Fair Value data. That may be underestimating the potential price if more export projects are approved, according to Phil Flynn, a senior market analyst at Price Futures Group in Chicago. “The LNG thing is going to happen,” said Flynn, who sees gas rising to $7 per million Btu in 2015 before trading in a range of $6 to $8. The market isn’t pricing in the LNG export potential yet because “there is a little bit of a denial on how quickly natural gas exports can get done,” he said. “We’ve had this bearish outlook on gas a long time.”

And it is! E Science News writes, “The cost of complying with tougher EPA air-quality standards could spur an increased shift away from coal and toward natural gas for electricity generation, according to a new Duke University study. The stricter regulations on sulfur dioxide, particulate matter, nitrogen oxide and mercury may make nearly two-thirds of the nation's coal-fired power plants as expensive to run as plants powered by natural gas, the study finds. "Because of the cost of upgrading plants to meet the EPA's pending emissions regulations and its stricter enforcement of current regulations, natural gas plants would become cost-competitive with a majority of coal plants -- even if natural gas becomes more than four times as expensive as coal."

As for the politics of the issue, Ben Geman of “The Hill” reports, this “week is jam-packed on the energy front in Washington, D.C. It will bring public grilling of President Obama’s choices to run the Energy Department and the Environmental Protection Agency, battles over the Keystone pipeline, and more. Ernest Moniz, Obama’s choice to replace outgoing Energy Secretary Steven Chu, will face the Senate Energy and Natural Resources Committee on Tuesday. The Massachusetts Institute of Technology physicist, who heads the university’s Energy Initiative, isn’t expected to hit major roadblocks en route to confirmation.
But Moniz has drawn scrutiny, and some criticism on the left, over the MIT group’s support from big oil companies, as well as his consulting and advisory work with BP and other companies.

Look for a more contentious affair Thursday when EPA nominee Gina McCarthy appears before the Senate Environment and Public Works Committee. McCarthy is the EPA’s top air quality official and, if confirmed, would replace former Administrator Lisa Jackson. The Senate committee includes three of Capitol Hill’s most outspoken critics of the EPA: the panel’s ranking Republican David Vitter (La.), James Inhofe (R-Okla.) and John Barrasso (R-Wyo.).

Beyond the confirmation fights, next Wednesday brings release of the delayed White House fiscal 2014 budget proposal. Obama will likely revive his fight with Republicans and Democrats from oil-producing areas over petroleum industry tax policy. His previous spending plans have called for stripping billions of dollars worth of tax incentives from oil-and-gas producers, but Congress has not gone along. The budget could also put meat on the bones of other White House energy-related plans.
They include Obama’s call to steer $2 billion over a decade from offshore oil-and-gas royalties into the development of technologies that wean the transportation sector off oil. And before the budget’s release, a top White House aide will promote Obama administration energy policies. Heather Zichal, a senior White House climate and energy aide, will speak Monday at a conference hosted by the group Transportation Energy Partners. The conference is focused on alternative transportation fuels. The fight over the Keystone pipeline, which would bring crude from Alberta’s oil sands projects to Gulf Coast refineries, will flare on at least two fronts next week. On Tuesday, Alberta Premier Alison Redford will make the case for the project during an appearance at the Brookings Institution. She will talk about the Keystone pipeline as part of a broader discussion on the U.S.-Canada energy relationship. Wednesday, a House Energy and Commerce Committee subpanel will review legislation that would approve the pipeline, a project that remains under Obama administration review. House GOP leaders have assigned number H.R. 3 to the bill, signaling that it’s a high priority.

We have been telling you about the gas play for some time now. Let’s talk about ways to trade it! Don’t wait too long! You can now follow me on Twitter and Facebook. Make sure you call me today to get your account open!

Natural Gas news

NEW YORK--Natural gas futures finished lower for a second straight session Tuesday, as forecasts for mild temperatures across the East Coast dashed hopes for a sustained rally.

Natural gas for May delivery settled 6.5 cents, or 1.6%, lower at $4.017 a million British thermal units on the New York Mercantile Exchange.

Futures were dragged lower as weather outlooks called for above-normal temperatures across the East Coast over the next two weeks, providing further support for the view that the chilly temperatures that persisted across the U.S. last month have likely passed.

More than half of all U.S. homes are heated with natural gas, and demand typically peaks in the winter as heating needs rise. Sustained cold through March has helped fuel a rally in natural gas prices in recent weeks, helping push prices above $4 for the first time since September 2011.

Recent forecasts suggest that springtime temperatures are likely to squelch the rally--at least for now. Private forecaster Commodity Weather Group said it sees temperatures climbing to the 80s in the coming two weeks.

However, it warned of a "widespread cool surge" in the Plains states over the next six to 10 days, which could prompt lingering heating needs. Still, the impact of below-normal weather forecasts is likely to diminish as spring progresses and overall normal temperatures climb.

"The last shot of cold is also just delaying the inevitable end of winter, and the further we get out of March, the less ... colder-than-normal temperatures are a factor, which is probably why the market is brushing them off," said Aaron Calder, analyst at Gelber & Associates, in a report.

Traders will get further guidance on natural-gas demand on Thursday when the Energy Information Administration releases its weekly survey of gas stockpiles. Analysts widely expect the recent cold temperatures to prompt another draw in stockpiles, which stand at 1,687 billion cubic feet.

The EIA said Tuesday it expects natural gas inventories to end the summer injection season at 3,793 bcf--137 bcf below their end-of-summer level last year, when gas stockpiles hit an all-time record. Earlier in the year, prices cratered to their lowest level in more than 10 years on fears that the industry would run out of storage capacity.

Prices have recovered considerably, and the EIA raised its 2013 forecast for Henry Hub gas to $3.52 per million British thermal units, on average, up from last month's forecast for 2013 of $3.41. The increase follows a March that was 17% colder than agency forecasts.


FUTURES SETTLEMENT NET CHANGE
Nymex May $4.017 -6.5c
Nymex June $4.057 -6.1c
Nymex July $4.107 -6.0c

CASH HUB RANGE PREVIOUS DAY
Henry Hub $4.035-$4.095 $4.165-$4.195
Transco 65 $4.03-$4.09 $4.1325-$4.18
Tex East M3 $4.18-$4.28 $4.33-$4.40
Transco Z6 $4.32-$4.55 $4.46-$4.60
SoCal $4.02-$4.13 $4.105-$4.19
El Paso Perm $3.9025-$3.95 $3.99-$4.035
Waha $4.03-$4.06 $4.09-$4.12
Katy $3.99-$4.075 $4.13-$4.20

weather news Snowstorm hits Denver as central U.S. braces for wild weather

KANSAS CITY, Missouri (Reuters) - A spring snowstorm hit Colorado on Tuesday, canceling flights and closing schools as forecasters warned residents in the middle of the United States to brace for sleet, gusty winds, flash floods and tornadoes.
"A dynamic storm system evolving over the central United States will impact much of the nation with a variety of hazards," the National Weather Service said.
Rain turned to snow overnight in the Denver area, which was forecast to get up to 11 inches of snow, much of it by noon. Temperatures that had been in the low 70s (Fahrenheit) on Monday dropped into the teens on Tuesday.
Airline tracker service FlightAware.com said 175 flights in and out of Denver International Airport had been canceled. Most schools in the Denver area were closed, the Denver Post said.
Moderate to heavy snow and gusty winds were forecast for Colorado, Nebraska, South Dakota and Wyoming. Just a day earlier in northeast Colorado, four tornado sightings were reported.
"There will be heavy rains through Thursday of 1.5 inches up to 3 inches in the Plains and central Midwest with 3 to 12 inches of snow in Nebraska, northeast Colorado, South Dakota, Minnesota and northern Iowa," said Don Keeney, a meteorologist for MDA Weather Services, a private forecaster.
Large parts of western South Dakota including the Black Hills could get up to 20 inches of snow through Wednesday morning, the National Weather Service said.
Heavy snow was falling in western Nebraska, where a winter storm warning was in effect and Interstate 80 was closed in both directions due to blowing snow and poor visibility, according to the Nebraska Roads Department.
Areas south and east of the snowstorm will see sleet and freezing rain and potential flash flooding as the storm moves east, the Weather Service said.
Strong to severe thunderstorms were expected to move through north Texas, Oklahoma and Kansas through Tuesday evening, the weather service said.
"This is what we call transitional weather, from winter to spring, when we get a little bit of everything from snow to severe storms," said Fred Stasser, a National Weather Service meteorologist in Goodland, Kansas, near the Colorado border.
Arctic air sweeping east will mix with warm, moist air surging north from the Gulf of Mexico, bringing heavy downpours, damaging winds, large hail and possibly tornadoes to the central part of the nation.
Tornado season in the United States typically starts in the Gulf Coast states in the late winter, and then moves north with the warming weather, peaking around May and trailing off by July.
(Additional reporting by Jane Sutton in Miami, Katie Schubert in Omaha and Carey Gillam in Kansas City; Editing by Eric Beech, David Bailey and Maureen Bavdek)

NATURAL GAS NEWS

MCX NATURAL GASDomestic: Sell at 220, Stoploss 222, Target 217.

Natural gas news

Trend updated for-Apr/10/2013.CMP-220 The Naturalgas is in long- medium- short-medium- short- term bull phase .Currently Naturalgas is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Naturalgas is now trading in overbought level. The Naturalgas is now trading in overbought level. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 218-213-197-192-191-.Resistance for the Naturalgas is 222-

Currently Naturalgas is in HOLD LONG position Naturalgas is in profit booking mode so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 223.3 with a stop at 217.4 Below 215.7 go for sell
Intraday Resistance of NATURALGAS are 221.2/222.9/225.6/227.9/232.2/239.5/243.6/251.4/259.4
Intraday Support of NATURALGAS are 217.8/216.1/213.4/209.6/202.8/199/192/185.2

U.S. Natural Gas Rises After Drop on Forecast for Warmer Weather

Natural gas for May delivery rises as much as 0.5% to $4.104/mmBtu in electronic trading today on Nymex. * Gas declined 1 percent yesterday. Commodity Weather Group LLC in Bethesda, Maryland, predicted above-normal temperatures on the East Coast through April 12, which would reduce demand for heating. The low in New York on April 11 may be 52 degrees Fahrenheit (11 Celsius), 9 more than average, and the high may be 67, according to AccuWeather in State College, Pennsylvania. * Low in Boston on April 11 may be 45 degrees, 6 higher than usual, data from AccuWeather Inc. show. About 50 percent of U.S. households use gas for heating, according to the Energy Information Administration, the statistical arm of the Energy Department. * U.S. decreased its outlook for prices in a March 12 report. Gas prices at the benchmark Henry Hub in Erath, Louisiana, will average $3.41/mmBtu this year, lower than the previous estimate of $3.53, according to the EIA’s Short-Term Energy Outlook. * Hedge funds boosted bullish bets on U.S. natural gas to a record last week. Money managers raised net-long positions, or wagers on rising prices, for a seventh consecutive week to 393,885 futures equivalents in the seven days ended April 2, according to the Commodity Futures Trading Commission’s April 5 Commitments of Traders report

Natural Gas dips on profit taking after weather rally wanes

Natural gas futures dipped in afternoon trading on Monday after investors sold the commodity for profits earned from weather reports calling for below-normal temperatures. On the New York Mercantile Exchange, natural gas futures for delivery in May traded at USD4.082 per million British thermal units, down 1.05%.

The commodity hit a session low of USD4.046 and a high of USD4.178. Weather services began predicting late last week that colder-than-normal temperatures will return to the northern and central reaches of the country in the coming days and push up demand for heating, which sent prices rising to levels ripe for profit taking.

Elsewhere, warmer-than-normal temperatures settling in over the southeastern U.S. should prompt more households and businesses to run up their air conditioners and demand more natural gas as well. Goldman Sachs, meanwhile, hiked its price estimate for this year by USD0.65 to an average USD4.40 per million British thermal units due to abnormally cold weather in March, which fueled the rally as well, though profit taking kicked in by Monday afternoon.

Investors were looking forward to supply data due for release on Thursday.

The U.S. Energy Information Administration said last week that natural gas storage fell by 94 billion cubic feet, more or less in line with market calls for a drop of 91 billion cubic feet. The drawdown did see total U.S. natural gas storage fall to 1.687 trillion cubic feet, 32% lower than last year at this time and 2.1% below the five-year average.

Gas inventories had held above the five-year average since September 2011.

Early withdrawal estimates for this week’s storage data range from 20 billion cubic feet to 36 billion cubic feet.  Inventories rose by 11 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a rise of 15 billion cubic feet.

U.S. Elsewhere on the NYMEX, light sweet crude oil futures for delivery in May were up 0.77% and trading at USD93.41 a barrel, while heating oil futures for May delivery were down 1.59% at USD2.9561 per gallon.

Natural gas news

MCX Natural Gas April contract is looking slightly negative the day. Market may find support near 220 & 217 intraday resistance can be seen near 225 & 228. Day traders are advised to sell intraday on rise. (Sell around 225 with SL 228 for the target of 220 & 217.

Natural gas news

Trend updated for-Apr/09/2013.CMP-222 The Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Naturalgas is now trading in overbought level. The Naturalgas is now trading in overbought level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 220-218-212-197-192-191-. Immediate resistance for Naturalgas is 236

Currently Naturalgas is in HOLD LONG position Naturalgas is moving sideways so short term investor better to buy only above 234.8 with stop at 213.2 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 227.3 with a stop at 219.9 Below 217.7 go for sell
Intraday Resistance of NATURALGAS are 224.5/226.6/229.9/231.6/235.9/243.3/247.4/255.3/263.4
Intraday Support of NATURALGAS are 220.5/218.4/215.1/213.1/206.2/202.5/195.4/188.5

Natural gas sell

Natural gas sell only bellow 225.50 target 221, 218 sl 228

Naturalgas news

Trend updated for-Apr/08/2013.CMP-230 The Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Naturalgas is now trading in overbought level. The Naturalgas is now trading in overbought level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 219-217-211-196-191-190-. Immediate resistance for Naturalgas is 236

Currently Naturalgas is in HOLD LONG position Naturalgas is in sideways and sellers was at high so for short term better buy above 235 or hold with stop at 213.2 The next resistance will be at 234.8 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 235 with a stop at 226.5 Below 224.1 go for sell and put stop at 232.5
Intraday Resistance of NATURALGAS are 231.8/234.2/238/241.9/249.4/253.6/261.6/269.7
Intraday Support of NATURALGAS are 227.2/224.8/221/218.8/211.9/208/200.9/193.9

Taiwan expects rare break in dry search for natural gas

Taiwan claims the ocean from its south shore clear down to Singapore, but so do the more powerful China, the more assertive Vietnam and strong U.S. ally the Philippines. Unlike these rival claimants to the South China Sea, Taiwan has not cast under the ocean floor for an estimated 213 billion barrels of oil and 20 trillion cubic feet of natural gas. Taiwan is diplomatically isolated and can’t afford to clash with neighbors.
But an unlikely ally has come along to help Taiwan, an increasingly impatient net importer of energy, in its normally dry search for natural gas. It’s Germany. And the two sides have found resource potential in part of the sea that should be sheltered from the territorial dispute. That dispute has flared up and down since the 1970s, killing the odd seaman and straining China’s relations with Southeast Asia and the United States, which depends on the sea’s shipping lanes. China also claims sovereignty over self-ruled Taiwan, insisting that its reserve of 170-plus allies who include all of Asia avoid the place.
 
The de facto German embassy in Taipei said this month would put up 1.2 million euros (US$1.56 million) for research now and in June using research vessels from both sides. Taiwan research institutions will add 300,000 euros. They’ve picked three areas for exploration. No one’s saying exactly where, but Germany notes “continental slopes” and sediments that are compressed as the Eurasian tectonic gets pushed under the Philippine plate. Those descriptions would put the sites close enough to Taiwan’s south shore to keep other claimants quiet while giving Taiwan some natural gas.
“It is well known by Taiwanese research that there are abundant gas-hydrate concentrations off the Taiwanese coast,” says Mirko Kruppa, the de facto embassy’s deputy director general. “The German-Taiwanese research team has chosen three sites that they hope are adequate to test some hypotheses.”
Once researchers confirm the overarching hypothesis that natural gas can be sweated out of the seabed, commercialization will follow. That would let Taiwan cut costly dependency on coil, oil, gas imports as its nuclear power program could be blocked by protests and alternative energy sources have been unable to expand.
Locally produced natural gas would cut energy costs for Taiwan’s heavy industries, such as its petchem plants, stoking investment in those companies, says Liu Chia-jen, a petrochemicals analyst with KGI Securities in Taipei. Taiwan depends on exports of machinery, consumer electronics and petchem projects for economic survival. Natural gas also burns cleaner than oil or coal, crucial as Taiwanese environmental movements mushroom.
The island packed with industry and 23 million people had already looked on and offshore already for natural gas but turned up too little to mention. China, as part of its gambit to get on better with Taiwan (and lead the island to reunify with it politically without the use of force) since 2008, has offered joint gas exploration, but not much word on the results.
This time hopes are high for something down below. Taiwan studied with the German team for six years before launching the search for hydrates on March 31. The de facto German embassy says its researchers have tapped similar hydrates around Japan. “If Germany is involved, then Taiwan can borrow the German technology,” Liu notes. “Taiwan has been lacking its own

Natural gas futures News - Weekly outlook: April 8 - 12

Natural gas futures ended Friday’s session at a 20-month high, as sentiment on the commodity was boosted amid receding concerns over U.S. inventory levels.

On the New York Mercantile Exchange, natural gas futures for delivery in May soared 4.95% Friday to settle the week at USD4.142 per million British thermal units by close of trade.

Earlier in the day, Nymex gas prices rose to USD4.145 per million British thermal units, the strongest level since August 3, 2011.

On the week, natural gas prices rallied 4.5%, the seventh consecutive weekly advance.

On Thursday, the U.S. Energy Information Administration said that natural gas storage fell by 94 billion cubic feet last week, above expectations for a drop of 91 billion cubic feet.

Inventories increased by 43 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 4 billion cubic feet.

Total U.S. natural gas storage stood at 1.687 trillion cubic feet as of last week, 32% lower than last year at this time and 2.1% below the five-year average for this time of year. Gas inventories had held above the five-year average since September 2011.

Early withdrawal estimates for this week’s storage data range from 20 billion cubic feet to 36 billion cubic feet. Inventories rose by 11 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a rise of 15 billion cubic feet.

Prices found further support after industry weather group MDA Federal predicted cold weather in the Northeast and unusually cold weather in parts of the Midwest in the coming week.

Natural-gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts for late-winter heating demand and early-spring cooling needs.

Nymex gas prices have risen sharply in recent months, gaining almost 20% since the start of 2013, boosted by calls for colder temperatures in major consuming regions across the U.S. that helped tighten the market.

Wall Street investment bank Goldman Sachs said Friday that it expected natural gas prices to average USD4.50 per million British thermal units in the second half of 2013, citing increasing U.S. demand and lower production levels.

Still, some analysts have warned that further gains may be limited with spring's low-demand shoulder season looming.

Gas use typically hits a seasonal low with spring's mild temperatures, before warmer weather increases demand for gas-fired electricity generation to power air conditioning.

Elsewhere in the energy complex, light sweet crude oil futures for May delivery settled at USD93.02 a barrel by close of trade on Friday, losing 4.3% on the week.

Meanwhile, heating oil for May delivery dropped 4.1% over the week to settle at USD2.923 per gallon by close of trade Friday.

Natural gas news

Natural gas futures in New York surged the most in four months, settling at a 20-month high, as cold weather helped erase a stockpile surplus and Goldman Sachs Group Inc. raised its 2013 gas price forecast.
Gas jumped 4.5 percent, the biggest one-day gain since Dec. 5, as MDA Weather Services predicted below-normal temperatures in north-central states next week while Texas and the Southeast will see hotter-than-normal readings April 15-19. Unusually cold March weather pushed supplies below the five-year average for the first time since 2011, and prompted Goldman Sachs to increased its price outlook by 17 percent
 
“We have a little Friday surprise by Goldman,” said John Woods, president of JJ Woods Associates and a Nymex floor trader in New York. “This market does have the potential to move upward. We have an extended period of cold weather and it has taken away the surplus we had.”
Natural gas for May delivery rose 17.8 cents to $4.125 per million Btu on the New York Mercantile Exchange, the highest settlement price since August 2, 2011. Volume was more than double the 100-day average at 2:39 p.m.
The futures climbed 2.5 percent this week, the seventh straight weekly increase, the longest such streak since the period ended Oct. 30, 2009. Prices are up 23 percent this year.
The discount of May contracts to October narrowed 2.9 cents to 8.9 cents, the least for this time of the year for comparable contracts since 2003.

Rigs Decline

Price gains accelerated after Baker Hughes Inc. said the number of rigs drilling for gas fell to the lowest level since May 1999. The count tumbled 14 this week to 375.
“The cold weather in March means the 2012/13 winter will end up in line with historical averages, despite the mild weather in December,” Johan Spetz, an analyst with Goldman Sachs in New York, said in a report dated yesterday. Spetz raised his estimate for gas prices this year by 65 cents to an average $4.40 per million Btu.
The tightening supply-and-demand balance means prices will have to move higher in the second half of the year to spur production growth after the summer, he said. “We now expect prices will need to average $4.50 per million Btu in the second half of 2013 to bring on the production growth required to balance the market.”
Goldman recommends buying $4.20 call options on November 2013 gas futures, which at the time of the report’s publication were valued at 31 cents, Spetz said.

Options Volatility

May $3.80 puts were the most active gas options in electronic trading. They slipped 2.8 cents to 1.6 cents per million Btu on volume of 2,250 contracts as of 3:02 p.m. Puts accounted for 61 percent of options volume.
Implied volatility for at-the-money gas options expiring in May was 28.68 percent at 2:45 p.m., up from 27.06 percent yesterday. June options volatility was 27.84 percent, up from 26.53 percent.
MDA forecasts show that unusually cold weather in the parts of the Midwest next week will shift westward by the middle of the month while the eastern half of the lower 48 states heats up. The average temperature in Minneapolis on April
The low temperature in Chicago on April 12 may be 35 degrees Fahrenheit (2 Celsius), 6 below normal, with a high of 54 degrees, according to AccuWeather Inc. in State College, Pennsylvania. By contrast the high in Dallas may rise to 82 degrees on April 15, 5 above normal.

‘Bull’s Dream’

“You’ve got winter and summer at the same time, which is a natural gas bull’s dream and a natural gas bear’s nightmare,” said Phil Flynn, senior market analyst at Price Futures Group in Chicago. “The fact that storage is below the five-year average, you are going to see prices go up.”
U.S. stockpiles fell by 94 billion cubic feet to 1.687 trillion cubic feet during the week ended March 29, bucking the five-year average change for period of an increase of 4 billion, the Energy Information Administration said yesterday. Analysts surveyed by Bloomberg predicted a decline of 91 billion.
Supplies were 2.1 percent below the five-year average for the week, posting a deficit against the historical norm for the first time since August 2011, according to data from the Energy Department’s statistical unit. A deficit versus year-earlier levels widened to 32 percent from 27 percent the previous week, the most in EIA records going back to 2005.

Stockpile Outlook

The next two EIA supply reports may show drawdowns in gas stockpiles before they begin to build up again, said Woods. His early estimate for next week is a drop of 20 billion based on this week’s cold snap. The five-year average change is a gain of 15 billion, government estimates show.
Inventories typically start to increase from April through October to prepare for the next heating season, the peak months for U.S. gas consumption.
Spetz sees supplies at the end of October peaking at 3.65 trillion cubic feet, which EIA data shows would be the lowest level for the time of year since 2008.
U.S. marketed production in 2013 will increase 0.7 percent to a record 69.6 billion cubic feet a day, the slowest pace of growth in eight years, the EIA said in its March 12 monthly Short-Term Energy Outlook.

Natural gas

Trend updated for-Apr/05/2013.CMP-215 The Naturalgas is in long- medium- short-medium- term bull phase .Currently Naturalgas is moving sideways The Naturalgas is now trading in overbought level. The Naturalgas is now trading in overbought level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the Naturalgas if it close above229 or buy with strict stop at 208. The Naturalgas is now trading in overbought level. The Naturalgas is now trading in overbought level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 209-194-190-.Resistance for the Naturalgas is 217-219-

Currently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend For short term buy only if close above 219.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 220.7 but caution- close Below low5 fresh selling can occur The Naturalgas is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 219.1 with a stop at 213.1 Below 211.3 go for sell
Intraday Resistance of NATURALGAS are 216.7/218.3/220.9/222.8/227/234.3/238.3/246.1/254
Intraday Support of NATURALGAS are 213.7/212.1/209.5/204.7/198/194.3/187.4/180.6

Natural gas news

Energy:

U.S. crude futures for May delivery settled down USD 2.74 at USD 94.45 a barrel, down by 2.82 percent.

Crude prices fell significantly as inventories rose to a 22 year high and came at 2.7 million barrels.

Weak job data for ADP non-farm employment change and poor and slowdown in non manufacturing prices put additional pressure on prices.

We expect crude prices to go down as investors would await the job data from US on Friday and unemployment claims today to gauge the health of US labor market and get direction on demand for crude.

U.S. natural gas futures ended lower as milder weather forecasts for next week raised expectations that heating demand was finally poised to slow.

We expect prices to go down further as the receding winter season is likely to hurt the demand and pressure prices.

Front-month gas futures on the New York Mercantile Exchange ended down 6.9 cents, or 1.7 percent, at USD 3.90 per mmBtu after trading between USD 3.897 and USD 3.985

MCX Natural Gas April : Sell around 217 levels with a stop loss placed above 220 levels for targets of 211 levels.

Natural gas news

Trend updated for-Apr/04/2013.CMP-215 The Naturalgas is in long- medium- short-medium- term bull phase .Currently Naturalgas is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The Naturalgas is now trading in highly overbought level. The Naturalgas is now trading in highly overbought level. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 208-193-190-189-.Resistance for the Naturalgas is 217-218- Currently Naturalgas is in HOLD SHORT position Naturalgas has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below211.5 Buy if above 228.2 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 219.3 with a stop at 213.3 Below 211.5 go for sell Intraday Resistance of NATURALGAS are 217.1/218.5/223/227.2/234.4/238.5/246.3/254.2 Intraday Support of NATURALGAS are 213.7/212.3/208.9/204.9/198.1/194.4/187.5/180.7

Natural Gas news

MCX Natural Gas April : Sell around 217 levels with a stop loss placed above 220 levels for targets of 211 levels.(geojit)

Natural Gas news

MCX Natural Gas April contract is looking negative the day. Market may find support near 215.8 & 213.5 intraday resistance can be seen near 220.70 & 223. Day traders are advised to sell intraday on rise. (Sell around 220.70 with SL 223 for the target of 215.80 & 213.5.)

Natural gas news

Naturalgas "Anytime rise in prices till Rs 218  or Rs 220  in MCX should be used as selling opportunity. Stop loss to be placed at Rs 222  on higher side for initial target of Rs 214  and if prices are able to break and give close below Rs 214then further selloff can be seen till Rs 210 in next two-three days."

Natural gas

Natural gas futures fell in afternoon trading on Tuesday after weather forecasts indicated an arrival of above-normal temperatures for a good portion of the country in the coming days.

On the New York Mercantile Exchange, natural gas futures for delivery in May traded at USD3.961 per million British thermal units, down 1.36%.

The commodity hit a session low of USD3.945 and a high of USD4.043.

Updated weather forecasting models released earlier called for temperatures in the heavily populated central and northeastern regions of the country to warm up to normal levels in the next six-to-10-days, with some forecasts pointing to above-normal temperatures in parts of the country.

Warmer temperatures in the U.S. spring season push natural gas prices down, as the need for heating diminishes.

As late spring and early summer approach, however, rising temperatures hike demand for natural gas as more and more homes and businesses crank up their air-conditioning units to keep cool.

Natural gas traders looked ahead to a closely-watched U.S. government report on natural gas supplies due out Thursday in an attempt to gauge the strength of late-winter heating demand.

Early withdrawal estimates range from 45 billion cubic feet to 97 billion cubic feet. Inventories increased by 43 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a build of 4 billion cubic feet.

Total U.S. natural gas storage stood at 1.781 trillion cubic feet as of last week, 18.5% only 3.5% above the five-year average.

U.S. Elsewhere on the NYMEX, light sweet crude oil futures for delivery in May were up 0.15% and trading at USD97.22 a barrel, while heating oil futures for May delivery were up 0.63% at USD3.0880 per gallon.(http://www.investing.com/news/commodities-news/natural-gas-falls-on-forecasts-for-above-normal-temperatures-246081)

Natural gas news

Trend updated for-Apr/03/2013.CMP-217 The Naturalgas is in long- medium- short-medium- short- term bull phase .Currently Naturalgas is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The Naturalgas is now trading in highly overbought level. The Naturalgas is now trading in highly overbought level. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 214-207-192-189-. Immediate resistance for Naturalgas is 229

Currently Naturalgas is in HOLD SHORT position Naturalgas is moving sideways so short term investor better to buy only above 228.2 or hold with stop at 215.5 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 220.6 with a stop at 214.5 Below 212.8 go for sell

Intraday Resistance of NATURALGAS are 218/219.4/221.6/224.9/229.1/236.4/240.4/248.2/256.2
Intraday Support of NATURALGAS are 215.4/214/211.8/210.7/206.7/199.9/196.2/189.2/182.4

Naturalgas news

Trend updated for-Apr/02/2013.CMP-220 The Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Naturalgas is now trading in highly overbought level. The Naturalgas is now trading in highly overbought level. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 216-213-206-192-189-. Immediate resistance for Naturalgas is 229

Currently Naturalgas is in HOLD LONG position In short term Naturalgas is in strong up trend so hold with stop at 218 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 224.1 with a stop at 217.9 Below 216.1 go for sell with stop at 222.3

Intraday Resistance of NATURALGAS are 221.9/223.6/226.5/230.5/237.8/241.9/249.7/257.7
Intraday Support of NATURALGAS are 218.3/216.6/213.7/212.1/208/201.2/197.5/190.5/183.7

Natural gas news

Fortune Financial Servies has come out with its report on commodities. According to the research firm, MCX Gold June contract is looking negative for the day. One can sell the contract around Rs 30100 with a stop loss of Rs 30190, for the targets of Rs 29960 & Rs 29850.
Bullion: Gold futures were trading higher on local bourses tracking the rise in COMEX contracts, which rose due to weakness in the dollar against the euro and safe-haven buying. The Indian forex market was closed as banks were shut due to annual closure of accounts. Trading was thin as UK, Australia and Hong Kong markets are closed for Easter holiday.

Energy: Domestic crude oil futures were trading lower tracking New York Mercantile Exchange, where benchmark contract declined on profit booking in the electronic session. NYMEX oil futures eased today after rising in the previous week on upbeat US durable goods data. Crude oil futures declined also because of ongoing concerns regarding the Eurozone economy and sharp rise in the US crude oil stocks.

Metals: Base metal futures on MCX were trading lower due to concerns over demand from China, as the country reported a lower-than-expected rise in manufacturing Purchasing Managers' Index. The data showed that China's March PMI rose to 50.9 from 50.1 in February, while market had expected it around 52. Absence of cues from the London Metal Exchange today also kept sentiment weak in domestic market.

MCX Gold June Contract is looking negative for the day. Market may find support near 29960 & 29850; intraday resistance can be seen near 30100 & 30190. Day traders are advised to sell intraday on rise. (Sell around 30100 with SL 30190, for the target of 29960 & 29850.)

MCX Silver May Contract is looking negative for the day. Market may find support near 52400 & 51900; intraday resistance can be seen near 52900 & 53400. Day traders are advised to sell intraday on rise. (Sell around 52900 with SL 53400, for the target of 52400 & 51900.)

MCX Natural Gas April contract is looking negative the day. Market may find support near 217 & 215 intraday resistance can be seen near 222 & 225. Day traders are advised to sell intraday on rise. (Sell around 222 with SL 225 for the target of 217 & 215.)

MCX Crude oil April contract is looking positive for the day. Market may find support near 5260 & 5210; intraday resistance can be seen near 5320 & 5370. Day traders are advised to buy intraday on dips. (Buy around 5260 with SL 5210, for the target of 5320 & 5370.)

MCX Copper April contract is looking negative for the day. Market may find support near 405 & 402; intraday resistance can be seen near 410 & 413. Day traders are advised to sell intraday on rise. (Sell around 410 with SL 413, for the target of 405 & 402.)

MCX Lead April contract is looking negative for the day. Market may find support near 113.80, 112.70, intraday resistance can be seen near 115.30 & 116.20 Day traders are advised to sell intraday on rise. (Sell around 115.30 with SL 116.20 for the target of 113.80 & 112.716

MCX Nickel April contract is looking negative for the day. Market may find support near 904, 895, intraday resistance can be seen near 916 & 924. Day traders are advised to sell intraday on rise. (Sell around 916 with SL 924 for the target of 904 & 895.)

MCX Aluminium April contract is looking negative for the day. Market may find support near 103.10, 102.00 intraday resistance can be seen near 104.20 & 105.10 Day traders are advised to sell intraday on rise. (Sell around 104.20 with SL 105.10 for the target of 103.10 & 102.00)

Natural gas trend and news

Trend updated for-Apr/01/2013.CMP-222 The Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Naturalgas is now trading in highly overbought level. The Naturalgas is now trading in highly overbought level. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 216-212-205-191-189-188-. Immediate resistance for Naturalgas is 229

Currently Naturalgas is in HOLD LONG position In short term Naturalgas is in strong up trend so hold with stop at 218 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 227.2 with a stop at 219 Below 216.6 go for sell with a stop at

224.8
Intraday Resistance of NATURALGAS are 224.2/226.6/230.5/234.8/242.1/246.2/254.2/262.2
Intraday Support of NATURALGAS are 219.6/217.2/213.3/212.1/205.2/201.4/194.4/187.5