NG week of 8/26/19
46 responses | 0 likes
Started by WxFollower - Aug. 25, 2019, 5:22 p.m.

Sun 12Z vs Fri 12Z;

GEFS +8

EPS +1

Comments
By metmike - Aug. 25, 2019, 5:55 p.m.
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Thanks Larry!

My forecast is a bit warmer also.  I'll guess we open a bit higher. 

With natural gas............a prediction of a bit can end up being an understatement (-:


Looking the the price chart for Friday, it won't take much higher to be a gap higher.


Looks like 2.167 was the high on Friday.

Weather Sunday: Not quite as cool

https://www.marketforum.com/forum/topic/37632/


Weather Monday: Again, not quite as cool

https://www.marketforum.com/forum/topic/37674/


Weather Tuesday: About the same for temps

https://www.marketforum.com/forum/topic/37748/


Weather Wednesday: September/front month expires today! Watching Dorian.......looks to track much farther west!

https://www.marketforum.com/forum/topic/37474/


Weather Thursday:  Warmer models, especially late. Watching Dorian.

https://www.marketforum.com/forum/topic/37909/


Weather Friday: Not much change......Dorian farther north.......up the East Coast. No threat to the Gulf.

https://www.marketforum.com/forum/topic/38009/


Weather Tuesday Sept.3:  WARMER!!

https://www.marketforum.com/forum/topic/38270/


By metmike - Aug. 25, 2019, 6:03 p.m.
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We did have a minuscule gap  higher by 2 ticks but filled it immediately.

Now back close to where we were trading late Friday afternoon during the last hour.

By metmike - Aug. 26, 2019, 8:13 p.m.
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Residential cooling demand via electricity generated by burning natural gas, is OVER a month passed its seasonal peak(based on historical averages). It's still the most important  market trading item with potential for big changes because of changes in the weather forecast(cooling degree days). A hurricane in the Gulf at this time of year can also electrify the energy markets, even though production from this region is nothing like it was 15 years ago.

Seasonals have a strong tendency to bottom around the end of August! We might go lower with cooler weather and bearish fundamentals but prices are already very cheap down here as I mentioned last week and it will be hard to keep dropping to new lows.

 We've had 3  dead cat bounces this Summer from heat waves in weather forecasts.  

I should add that we are getting late enough in the cooling season, that the market will be placing less and less emphasis on temperatures. Extreme anomalies can still be powerful but outside of those there is a now a waning effect on prices. 


By metmike - Aug. 26, 2019, 8:17 p.m.
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By metmike - Aug. 26, 2019, 8:18 p.m.
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NGI: EIA Reports Ho-Hum 59 Bcf Natural Gas Storage Injection; Futures Quiet

Weekly Natural Gas Storage Report

 for week ending August 16, 2019   |  Released: August 22, 2019 at 10:30 a.m.   |  Next Release: August 29, 2019 

                                                                                                                                                                                                                                                                                                                                                                                                  

Working gas in underground storage, Lower 48 states Summary textCSVJSN
  Historical Comparisons
Stocks
billion cubic feet (Bcf)
 Year ago
(08/16/18)
5-year average
(2014-18) 
Region08/16/1908/09/19net changeimplied flow  Bcf% change Bcf% change
East660  634  26  26   608  8.6  689  -4.2  
Midwest760  729  31  31   629  20.8  753  0.9  
Mountain168  164  4  4   153  9.8  182  -7.7  
Pacific274  272  2  2   238  15.1  295  -7.1  
South Central935  939  -4  -4   799  17.0  980  -4.6  
   Salt205  214  -9  -9   191  7.3  253  -19.0  
   Nonsalt730  725  5  5   609  19.9  727  0.4  
Total2,797  2,738  59  59   2,428  15.2  2,900  -3.6  

Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,797 Bcf as of Friday, August 16, 2019, according to EIA estimates. This represents  a net increase of 59 Bcf from the previous week. Stocks were 369 Bcf higher than last year at this time and 103 Bcf below the five-year average of 2,900 Bcf. At 2,797 Bcf, total working gas is  within the five-year historical range.

 For information on sampling error in this report, see Estimated Measures of Sampling Variability table below. 

 Working Gas in Underground Storage Compared with Five-Year Range 

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2014 through 2018. The dashed vertical lines indicate current and year-ago weekly periods.

                                    


By metmike - Aug. 26, 2019, 8:18 p.m.
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   +59 BCF  =Neutral        

U.S. Natural Gas Storage

   Latest Release   Aug 22, 2019    Actual59B    Forecast60B      Previous49B

      https://www.investing.com/economic-calendar/natural-gas-storage-386                                                                                                                                               

Release DateTimeActualForecastPrevious
Aug 22, 2019 10:3059B60B49B
Aug 15, 2019 10:3049B58B55B
Aug 08, 2019 10:3055B59B65B
Aug 01, 2019 10:3065B57B36B
Jul 25, 2019 10:3036B37B62B
Jul 18, 2019 10:3062B65B81B


By metmike - Aug. 26, 2019, 8:19 p.m.
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7 day temperatures that went into last Thursdays report: Still very warm in much of the country. A bit cool southcentral.



https://www.cpc.ncep.noaa.gov/products/tanal/7day/mean/20190716.7day.mean.F.gif

By metmike - Aug. 26, 2019, 8:21 p.m.
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7 day temps for this Thursdays report. Very warm in the southern 2/3rds of the country!

Smallish injection based on previous weeks for late August.



https://www.cpc.ncep.noaa.gov/products/tanal/7day/mean/20190823.7day.mean.F.gif

By metmike - Aug. 26, 2019, 8:24 p.m.
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August 26 update:

The dominant imposing factor for prices this year has been massive, record large injections that have increased supplies faster than any time in history and crushed prices.

We got a bounce in late May from intense heat in the Southeast.

Then the first 2 weeks of July, featured increasing heat in the extended forecasts, so natural got a huge lift. Cooler forecasts after that sent prices crashing back to life of contract lows in late July/early August.

Heat returning helped us to bounce again from those lows earlier this month to last Thursday..........when the forecast turned cooler again.

 The market will be reacting to changes in the cooling degree day forecasts  for a little while longer........... but the affects are dwindling with the waning Summer. Widespread, sustained heat can still give us a nice rebound.

Cash prices have been below $2 at times, so it's possible that we can still go lower than this but prices right now are pretty low historically, even considering the bearish fundamentals. Also, historically, natural gas has often put in a bottom during the upcoming time frame.

Price charts suggest a potential, short term bottom.

NG 7 days

https://nasdaq.websol.barchart.com/?module=chartImage&rawOutput=1&symbol=NG*1&width=450&height=286&startDate=1549311628&endDate=1549916428


Natural gas 3 months below

By metmike - Aug. 26, 2019, 8:26 p.m.
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This seasonal price chart below is for 2 decades, ending back in 2009.

We should note from this chart that prices often bottom in late August. With prices this cheap/low its possible that natural gas may look to put in some sort of a bottom, even with bearish factors longer term pressuring prices.
Natural Gas Futures (NG) Seasonal Chart

By metmike - Aug. 26, 2019, 8:27 p.m.
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                 Natural  Gas Intelligence after the close on Monday:

Technicals, Strong Cash Aid in Sharp Rally for Natural Gas Futures

     5:22 PM    

Fundamentals were relatively steady Monday, but some technical influences ahead of natural gas futures expiration helped drive prices considerably higher to start the week. With solid gains in the cash market as well, the September Nymex gas contract jumped 7.8 cents to settle Monday at $2.230/MMBtu. October rose 7.7 cents to $2.233. 

By metmike - Aug. 27, 2019, 6:13 p.m.
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NGI closing comments Tuesday:

Natural Gas Futures Retrace as Long-Range Weather Outlooks Cool; Cash Mixed

     5:17 PM    

A price rally driven largely by short-covering failed to hold up on Tuesday as weaker cash prices and generally stable fundamentals drove natural gas futures lower. With bidweek volatility on full display, the September Nymex gas contract settled 2.8 cents lower at $2.202/MMBtu, and October dropped 4.1 cents to $2.192

By metmike - Aug. 28, 2019, 10:37 a.m.
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                By metmike - Aug. 28, 2019, 10:36 a.m.            

            Grant,

I apologize for completely overlooking this but NGU, the front month expires today.

The day before and the day of expiration of ng front month futures is noted for wild spikes.

I assume that because volume is down to almost nothing and  the remainder of the longs/shorts are forced out. The spike can often be against a long lived trend, maybe because those are the ones left.


Volume right now in the Oct contract is approaching 60K while its still below 4K in the  expiring Sept contract.


From NGI Wed morning: Weather Outlook ‘Singularly’ Neutral as Natural Gas Futures Called Higher

By WxFollower - Aug. 28, 2019, 3:44 p.m.
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"08/28 02:03p CST  DJ Natural Gas Prices Rise on Storage, Hurricane -- Market 
Talk 
 
  15:03 ET - Natural gas prices rise to a one-month high, ending with a gain 
of 2.2% to $2.2510/mmBtu on expectations for a below-normal rise in weekly 
inventories, and as a hurricane continues to barrel toward the US. The EIA 
reports weekly gas inventories Thursday, and a WSJ survey sees an average 
forecast for a 56-bcf rise, which would be a bit less than the 57-bcf average 
and reflect a heatwave in Texas and other southern states last week that 
increased power burn. Meantime, Dorian was upgraded to a hurricane from 
tropical storm, and could this weekend hit parts of the Gulf of Mexico and 
force some oil and gas production facilities to halt production. 
(dan.molinski@wsj.com)"
By metmike - Aug. 28, 2019, 3:54 p.m.
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Thanks Larry,

After Dorian shifted much farther west into the GOM on the ensembles, ng went DOWN.

There is little doubt in my mind that the September contract expiring is what caused the spike higher earlier on.

We can hold some gains from hurricane premium but I think ng may have already been bottoming...........though the EIA report out tomorrow could shift that mentality. 

By WxFollower - Aug. 28, 2019, 4 p.m.
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Mike,

 I agree with you. Inconsistent news reporting based on unreliable or nonobjective sources. For Barry, the reports in advance of the storm were that Barry would be net bearish although that ended not being the case after all was said and done. Why wouldn't Dorian be the same way? I think there was a report afterward of it being net bullish. So, who knows?

By metmike - Aug. 28, 2019, 4:21 p.m.
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The more interesting one here is actually the RB market with all the refineries along the W.Gulf Coast.

Gulf of Mexico Fact Sheet

https://www.eia.gov/special/gulf_of_mexico/

By metmike - Aug. 28, 2019, 4:24 p.m.
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By metmike - Aug. 28, 2019, 5:54 p.m.
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Closing comments Wednesday from Natural Gas Intelligence(no mention of the hurricane, which makes sense because it actually traded in the opposite direction of hurricane forecasts):

September Natural Gas Expires Nickel Higher on Push from Technicals, Cash

     5:23 PM    

Speculators with net short positions set the stage for a natural gas price rally on Wednesday as the September Nymex futures contract rolled off the board, with a drop in production solidifying the momentum. September surged as high as $2.277/MMBtu before going on to expire at $2.251, up 4.9 cents on the day. October, which takes over the prompt position on Thursday, rose 3.0 cents to $2.222.

By wxgrant - Aug. 28, 2019, 9:59 p.m.
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I showed this graphic with Barry and here it is with Dorian. My system will only give me ensembles out to 144 hours but the area I have outlined in Yellow is where many ensemble members take Dorian. If this is correct we would likely be seeing a cat 3 or higher move over all those platforms. 

By metmike - Aug. 28, 2019, 11:27 p.m.
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Great graphic Grant.

The market disagrees with that forecast right now.

Otherwise, we would likely be much higher than this.

If the US models get aggressive with the strength of this hurricane and aim it into that area with a cat. 3 or higher, ng should get a pretty good pop but so will the liquid energies.

If the hurricane threatens to clobber refineries along and close to the Western Gulf coast, gasoline can really spike higher.

I'm not sure how much of a pop we can get out of cotton. We need rains in the Southeast, so anything less than 3-4+ inches will probably be beneficial. Last Fall, bolls were open in Oct and heavy rains did tremendous damage. Bolls are not open and soils are dry/the crop needs rain bad.

High winds would do some damage of course if Dorian would have an intensity like Michael, which is not forecast right now...........but its a hurricane and look much different in a couple of days.

I think crossing over FL weakens it too much but maybe if it crossed farther south over FL, it would have a better chance to become a major hurricane with more time in the GOM.


By metmike - Aug. 29, 2019, 10:36 a.m.
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+60 BCF slightly bearish

Weekly Natural Gas Storage Report

 for week ending August 23, 2019   |  Released: August 29, 2019 at 10:30 a.m.   |  Next Release: September 5, 2019 

                                                                                                                                                                                                                                                                

Working gas in underground storage, Lower 48 states Summary text CSV JSN
  Historical Comparisons
Stocks
billion cubic feet (Bcf)
 Year ago
(08/23/18)
5-year average
(2014-18) 
Region08/23/1908/16/19net changeimplied flow  Bcf% change Bcf% change
East682  660  22  22   633  7.7  712  -4.2  
Midwest790  760  30  30   664  19.0  783  0.9  
Mountain173  168  5  5   156  10.9  185  -6.5  
Pacific278  274  4  4   240  15.8  297  -6.4  
South Central934  935  -1  -1   801  16.6  980  -4.7  
   Salt199  205  -6  -6   188  5.9  248  -19.8  
   Nonsalt736  730  6  6   612  20.3  732  0.5  
Total2,857  2,797  60  60   2,494  14.6  2,957  -3.4  

Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,857 Bcf as of Friday, August 23, 2019, according to EIA estimates. This represents  a net increase of 60 Bcf from the previous week. Stocks were 363 Bcf higher than last year at this time and 100 Bcf below the five-year average of 2,957 Bcf. At 2,857 Bcf, total working gas is  within the five-year historical range.

 For information on sampling error in this report, see Estimated Measures of Sampling Variability table below. 

 Working Gas in Underground Storage Compared with Five-Year Range

By metmike - Aug. 29, 2019, 10:37 a.m.
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Latest Release   Aug 29, 2019    Actual60B    Forecast57B    Previous59B

                      https://www.investing.com/economic-calendar/natural-gas-storage-386                                                                                                                                                                           

Release DateTimeActualForecastPrevious
Aug 29, 2019 10:3060B57B59B
Aug 22, 2019 10:3059B60B49B
Aug 15, 2019 10:3049B58B55B
Aug 08, 2019 10:3055B59B65B
Aug 01, 2019 10:3065B57B36B
Jul 25, 2019 10:3036B37B62B
By metmike - Aug. 29, 2019, 11:58 a.m.
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By wxgrant - Aug. 29, 2019, 1:15 p.m.
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The latest ensembles have shifted farther east taking the western Gulf out of play with Dorian. I’ll post some graphics when I get to work in the Dorian thread. 

By metmike - Aug. 29, 2019, 1:22 p.m.
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Thanks Grant, we look forward to that.

I did notice a slight shift to the right in the track of the GFS ensembles.

Natural gas, I believe is trading the warmer weather models in week 2............and seasonality of this being the time frame for short term lows as well as very low prices(technically, one can make a good case for the lows to be in too)

Aggressive selling when the price gets down towards $2 at this time of year doesn't have a great deal of potential.

By wxgrant - Aug. 29, 2019, 10:14 p.m.
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Big chance from the 12Z ensembles yesterday which took Dorian much farther west. You can see only one ensemble member moves Dorian towards the platforms in the Gulf. 

By metmike - Aug. 29, 2019, 11:16 p.m.
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Thanks for sharing that with us Grant!


NGI after the close: October NatGas Jumps Another 7-Plus Cents as Traders Eye Dorian; Cash Mostly Lower

Am thinking that the market is pretty confident that Dorian is not going to affect production in the Gulf and the big price jump today was not hurricane premium.

My guess is that its from the warmer weather models, especially the European ensembles late in the extended, along with positive seasonals, low prices and technical/chart pattern that suggests a possible bottom. The bearish EIA report had the chance to push us lower but there was strong buying support when we dropped close to 2.25

By wxgrant - Aug. 29, 2019, 11:23 p.m.
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I thought personally it was getting too high. I set a sell price for October @ 2.30. Got it during the late morning and was able to close it this afternoon for a decent gain. 

By metmike - Aug. 30, 2019, 11:17 a.m.
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Great trade Grant!

Interesting that NGI, after yesterday's sharp rally, mentioned traders eyeing Dorian, today tell us that we are lower because of traders seeing Dorian as bearish from demand destruction.

Dorian's affects have not changed.

NGI and others, as Larry and I have discussed, need to have an explanation for why prices went up or down and this one was it...............but not the right one.

Sometimes, especially when we are no longer in the middle of the heating or cooling season and temperatures are not anomalous, the reason for price movement on some days is not clear at all.

Maybe its a hangover from yesterdays bearish EIA and the drop today is very small with us still holding key support, so some profit taking. 

It's probably  not from BIG changes in CDD's as those were mixed with the last US model being bearish but the other ones bullish overnight. 

Extremely Dangerous’ Dorian Threatening Florida; Natural Gas Futures Called Lower

     8:59 AM    

With Hurricane Dorian looking “extremely dangerous,” natural gas futures were trading slightly lower early Friday as the latest path for the storm raised the prospect of demand destruction. The October Nymex futures contract was down 2.0 cents to $2.276/MMBtu shortly after 8:40 a.m. ET.

By metmike - Sept. 4, 2019, 1:44 a.m.
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                  Natural Gas Intelligence after the close on Tuesday: 

As Dorian Looms, Natural Gas Futures and Cash Mount Post-Holiday Rally

        

Supportive forecasts, the prospect of limited demand impacts from Hurricane Dorian and strength in the spot market all aided in a post-holiday natural gas futures rally Tuesday. The October Nymex futures contract climbed 7.3 cents to settle at $2.358/MMBtu, while November settled at $2.397, also up 7.3 cents.

By metmike - Sept. 4, 2019, 11:37 a.m.
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By metmike - Sept. 5, 2019, 1:03 a.m.
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                  NGI after the close on Wednesday:

‘Textbook Short Covering’ Extends Natural Gas Rally

        

Natural gas futures rallied decisively for a second straight session Wednesday, putting bears on the run as the market begins to look ahead to winter. After picking up more than 7 cents a day earlier, the October Nymex futures contract surged another 8.7 cents to settle at $2.445/MMBtu. November added 9.5 cents to settle at $2.492.

By metmike - Sept. 5, 2019, 10:56 a.m.
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Weekly Natural Gas Storage Report

+84 BCF Bearish!

 for week ending August 30, 2019   |  Released: September 5, 2019 at 10:30 a.m.   |  Next Release: September 12, 2019 

                                                                                                           

Working gas in underground storage, Lower 48 states Summary text CSV JSN
  Historical Comparisons
Stocks
billion cubic feet (Bcf)
 Year ago
(08/30/18)
5-year average
(2014-18) 
Region08/30/1908/23/19net changeimplied flow  Bcf% change Bcf% change
East714  682  32  32   656  8.8  735  -2.9  
Midwest827  790  37  37   697  18.7  816  1.3  
Mountain177  173  4  4   161  9.9  188  -5.9  
Pacific276  278  -2  -2   245  12.7  300  -8.0  
South Central947  934  13  13   799  18.5  985  -3.9  
   Salt197  199  -2  -2   184  7.1  247  -20.2  
   Nonsalt749  736  13  13   615  21.8  738  1.5  
Total2,941  2,857  84  84   2,558  15.0  3,023  -2.7  

Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 2,941 Bcf as of Friday, August 30, 2019, according to EIA estimates. This represents  a net increase of 84 Bcf from the previous week. Stocks were 383 Bcf higher than last year at this time and 82 Bcf below the five-year average of 3,023 Bcf. At 2,941 Bcf, total working gas is  within the five-year historical range. Working Gas in Underground Storage Compared with Five-Year Range

By metmike - Sept. 5, 2019, 10:58 a.m.
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 Release     Sep 05, 2019    Actual84B     Forecast78B      Previous60B

                                                                                                                                                                                                                                                                                                       https://www.investing.com/economic-calendar/natural-gas-storage-386

Release DateTimeActualForecastPrevious
Sep 05, 2019 10:3084B78B60B
Aug 29, 2019 10:3060B57B59B
Aug 22, 2019 10:3059B60B49B
Aug 15, 2019 10:3049B58B55B
Aug 08, 2019 10:3055B59B65B
Aug 01, 2019 10:3065B57B36B
By metmike - Sept. 5, 2019, 11:47 a.m.
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By metmike - Sept. 5, 2019, 10:18 p.m.
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NGI after the close on Thursday:

                  

Natural Gas Bulls Absorb Blow From Hefty Injection

     5:07 PM    

Natural gas futures bulls, riding high on recent gains, absorbed a blow from a larger-than-expected weekly storage injection Thursday but regrouped to keep prices steady. After trading as low

By metmike - Sept. 9, 2019, 5:58 p.m.
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NGI after the close on Monday: 

Warm Forecast Helps Extend Short-Covering Rally as Natural Gas Futures Keep Climbing

     5:43 PM    

Warmer forecast trends over the weekend added fuel to the recent short-covering rally Monday as natural gas futures extended their run higher. The October Nymex futures contract surged 8.9 cents to settle at $2.585/MMBtu, while November picked up 7.4 cents to settle at $2.625.

By WxFollower - Sept. 9, 2019, 10 p.m.
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Hey Mike,

To have this much of a rally from increased CDDs this late in the season is quite impressive. I even had already stopped closely following the modeled changes in CDDs  It just shows how incredibly and persistently warm it has been and still is in the US as a whole! I may restart my CDD watch.

By metmike - Sept. 10, 2019, 12:17 a.m.
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Extremely impressive Larry!

By metmike - Sept. 10, 2019, 11:58 a.m.
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Natural Gas Intelligence Tuesday morning: October Natural Gas Testing 200-Day Moving Average; Forecasts Hotter Overnight


metmike: Still hot but the rally has come a long way and the forecast time frame is looking at late September, when cooling degree days continue to fall seasonally. 

By metmike - Sept. 10, 2019, 6:39 p.m.
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NGI Tue close:

Early Natural Gas Futures Rally Fizzles; Late-Season Heat ‘Remains Bullish’

     5:24 PM    

Coming off big gains the previous two sessions, natural gas futures stalled Tuesday as a rally in the early morning hours quickly lost steam. The October Nymex contract settled at $2.580/MMBtu, off 0.5 cents after trading as high as $2.648. November also fell 0.5 cents to settle at $2.620.

By metmike - Sept. 11, 2019, 8:43 p.m.
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More ‘Outsized Builds’ Expected as Natural Gas Futures Bulls Losing Momentum

     5:19 PM    

With another hefty weekly inventory build expected this week, and with analysts pointing to a possible end to the recent short-covering rally, natural gas futures declined at the front of the curve for a second straight session Wednesday. The October Nymex contract settled 2.8 cents lower at $2.552/MMBtu, while November dropped 3.1 cents to $2.589


metmike: Late week 2 and late Sept maps have potential for a huge pattern change to MUCH cooler. Even the potential for a freeze in the Midwest.

Also, potential tropical storm Humberto could threaten the Gulf. If it turns into a hurricane, potential production shut ins can be more bullish to the market price than the reality of the supply losses.

By metmike - Sept. 12, 2019, 10:32 a.m.
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EIA +78 BCF a bit bullish vs expectations                                                                                                                                                                                                                                   

Working gas in underground storage, Lower 48 states Summary text CSV JSN
  Historical Comparisons
Stocks
billion cubic feet (Bcf)
 Year ago
(09/06/18)
5-year average
(2014-18) 
Region09/06/1908/30/19net changeimplied flow  Bcf% change Bcf% change
East739  714  25  25   676  9.3  756  -2.2  
Midwest864  827  37  37   729  18.5  848  1.9  
Mountain183  177  6  6   165  10.9  191  -4.2  
Pacific275  276  -1  -1   249  10.4  303  -9.2  
South Central958  947  11  11   805  19.0  997  -3.9  
   Salt199  197  2  2   182  9.3  251  -20.7  
   Nonsalt759  749  10  10   623  21.8  746  1.7  
Total3,019  2,941  78  78   2,626  15.0  3,096  -2.5  

Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 3,019 Bcf as of Friday, September 6, 2019, according to EIA estimates. This represents  a net increase of 78 Bcf from the previous week. Stocks were 393 Bcf higher than last year at this time and 77 Bcf below the five-year average of 3,096 Bcf. At 3,019 Bcf, total working gas is  within the five-year historical range.

 For information on sampling error in this report, see Estimated Measures of Sampling Variability table below. 

 Working Gas in Underground Storage Compared with Five-Year Range 

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2014 through 2018. The dashed vertical lines indicate current and year-ago weekly periods.

By metmike - Sept. 12, 2019, 10:34 a.m.
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https://www.investing.com/economic-calendar/natural-gas-storage-386


Latest Release  Sep 12, 2019   Actual78B     Forecast82B   Previous

            Release DateTimeActualForecastPrevious
Sep 19, 2019 10:30  
Sep 12, 2019 10:30    78B      82B     84B
Sep 05, 2019 10:30    84B      78B     60B
Aug 29, 2019 10:30    60B      57B     59B
Aug 22, 2019 10:30    59B      60B     49B
Aug 15, 2019 10:30    49B      58B      55B

By metmike - Sept. 13, 2019, 7:30 p.m.
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NGI: Spooky Friday the 13th for Bears as Natural Gas Futures Finish Week Strong

     5:44 PM    

It was probably something other than superstition that had bears fleeing the natural gas futures market Friday even as analysts continued to point to oversupply conditions. The October Nymex contract rallied 4.0 cents to settle at $2.614/MMBtu. November surged 4.8 cents to $2.653. 


metmike: The midday models looked pretty warm to hot and that likely gave ng a big boost but we are getting so late in the cooling season and have rallied so far, that it's going to get pretty tough to make new highs........although the EIA report was bullish.