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Natural Gas Futures - Jul 24 (NGc1)

CME
Symbol
Exchange
Currency
NGDerivedUSD
MNGc1MCXINR
NGLNMc1ICEGBP
NGc1CMEUSD
NGc2CMEUSD
NGc3CMEUSD
MNGc2MCXINR
MNGc3MCXINR
NGLNSc1ICEGBP
NGLNSc2ICEGBP
NGLNSc3ICEGBP
NGc4CMEUSD
NGc5CMEUSD
NGc6CMEUSD
NGc7CMEUSD
Currency in USD
Disclaimer
2.581
+0.009(+0.35%)
Closed

Natural Gas Futures Discussions

Texas , Arizona and California CDDs above everage will in the eastern USA CDDs will be much below everage , as well as in the northern tier some HDDs might increase !!
Temperatures are very different , the west and the southern tier very hot above normal but midwest , ohio valley , mid atlantic and northern east much below normal !! Price will pump and dump daytime many times next 10 days !!
Big volatility next week !! Range from 2.477 $ to 2.76 $ !! Shall sell the spike and buy the deep !!
Carefull in buying the spikes !! Wait the high above 2.72 $ to start opening shorts !! If you wanna scalp wait moment in witch will be clear the dayli trend movement !!
we are entering in bullish zone if we trust the indicators.
Short Range Forecast Discussion NWS Weather Prediction Center College Park MD 325 AM EDT Sun Jun 02 2024 Valid 12Z Sun Jun 02 2024 - 12Z Tue Jun 04 2024 ...Excessive Rainfall and Severe Thunderstorms possible over portions of the Great Plains and Mississippi Valley... ...Heavy to Excessive Rainfall possible across parts of the Northwest through Monday... ...Increasing Excessive Heat threat over parts of California, Nevada and Arizona...
what would be the impact on NG price ?? kindly advice
Heat waves across the globe have stirred the Power Demand (For Air Conditioning and other utilities) which is very positive for Natural Gas. Based on my opinion hotter than expected weather is bullish for Natural Gas.
Forcast turned cooler on Saturday especially in the east where most of the US population is located
$2.5 has proven itself as a low end temporary resistance. $3 will act as our upper end resistance. Lots of money to be made if we ping pong here like we did between $1.5 - $2.00. Ng trading is all about range recognition.
Key word is “temporary” And I think you mean to say 2.5 is support
winning a zero-sum game, pumping and dumping not required
Sell c us is obviously short. Real s/d data shows last week was a 67 bcf injection, not 82 bcf. Everyone who has followed his lead has to be broke by now. BTW, eia just released it’s MARCH “consumption by end use” data and it was at least 1/2 bcf/d better than the originally reported. “Same story different day”. I’m tellin’ ya’….. those who believe sell c us and eia are here to help you are seriously in trouble.
Below is the names selected for storms in the Atlantic Basin during the 2024 hurricane season. Alberto Beryl Chris Debby Ernesto Francine Gordon Helene Isaac Joyce Kirk Leslie Milton Nadine Oscar Patty Rafael Sara Tony Valeria William The World Meteorological Organization maintains rotating lists of names for each of 10 tropical cyclone basins. In the Atlantic, for instance, tropical cyclones receive names in alphabetical order, and women’s and men’s names are alternated. The Atlantic list covers just 21 letters of the alphabet, as it is difficult to find enough appropriate names that start with Q, U, X, Y, and Z. In very active hurricane seasons, there may be more named storms than there are names on the primary list. When that occurs, rather than using Greek letters—as the WMO has in the past—the organization uses a new list of supplemental storm names.
https://www.cpc.ncep.noaa.gov/products/predictions/30day/off15_temp.gif
I pump and dump for nobody, and I am no ones scapegoat
dw li, we understand you. Slow down a little bit.
Special Weather Statement National Weather Service Brownsville Texas 333 AM CDT Sat Jun 1 2024 The combination of above normal high temperatures and relative humidity percentages will result in uncomfortably hot conditions for all of Deep South Texas and the Rio Grande Valley except for the Barrier Islands. Heat index values are expected to range between 105 and 110 degrees this afternoon and early evening. Isolated areas may briefly experience heat indices of 111 degrees for a short period of time.
👀
Hurricanes for NG are most of the time bearish for many reasons : 1- summer hot temperatures above everage drop to below everage if and when a hurricane hit the coastline and became a tropical storm bringing claudy weather and rain inland when hurricane moves northward . 2- drop i LNG export if export train facilities get involved . 3- LNG tankers shall move far from hurricane route postponing of few day refilling timetable . 4- interruptions of power lines living many hundreds of thousands of homes without electricity, cutting facilities dayli NG consumption The only slightly bullish can occur if and when plattform shall stop production .
Not worth a reply!!!!!
https://www.cpc.ncep.noaa.gov/products/predictions/30day/off15_temp.gif
Gap down
What is the next move from here ???
down,,
of course I though I gave a heads up, with the first sideways call
I believe it will be sideways in general, but generally northeast on the chart for some time to come.
its not up to me what the different types of investors do
Agreed. How are your quantum algos looking?
Use double apostrophes for quotes on this site to make a point. Quotation marks do not print correctly. '' INFO''.
Maybe brackets, parentheses, or semicolons too.
Temperatures of the waters in the Gulf of Mexico and lower Atlantic Ocean are 7 'F above normal and rising. Expected hurricane season is greater than any other year with over 25 named storms (26 letters in the alphabet), 15 tropical storms and 8 hurricanes in the Gulf of Mexico. This will shut down 15% of natural gas production in the USA for most of the Summer and Fall. ''Fox News Weather predictions''.
Have the weather people ever picked a Z name like Zeek or Zena? Could we even have that many storms in one year? Yesterday I posted that my knee was hurting and was a sign we would get a storm, so guess what, we just got rain today. I think we will have the first tropical storm of the season pop up in the next 10 days.
so, why shut down for most of summer? this is false information, best is going to be maybe 3 weeks shutdown, but those storms also bring in cooler weather and less energy usage to coastal citites.
Greta, with 7-8 named hurricanes, you will not see an offshore producing crew on a Gulf of Mexico offshore rig from July through November. They will be picking up the pieces.
A sequence of events are needed to complete any (MA target (task): first, next, then, meanwhile, suddenly, before, after and finally.
regardless of any lag the MAs go where the price goes
4hr adding the Stoch (Trading Divergence and Understanding Momentum)
2hr/1hr support/resistance
now if you see it above 2.6 till September, (not to say till end of year you won't see 2.6)...I quit trading 🧐 if you want to challenge me let's bet
I use both dynamite and electricity. They get you to the bar quicker (;-)
I think Your also following andha Bhakths. they will also tell lies confidently.
i don't follow anyone brainwashed gambler...i follow only Billy...in Billy we trust
Folks. I see more speculation fantasy like we did at 3.40 and told load longs.
Nevertheless if hurricane season would get stronger than expected price could as well drop below 2.4 and 2.32 $
hurricanes will be bullish when they knock out production in the gulf of Mexico…but these days that’s less than 5% of total production…but losing 5% is still a big deal I guess
FACT CHECK: Offshore gas production accounts for 15% of USA natural gas production and not 5%.
last rally towards 12 $ and hurricanes were a major catalyst to start that rally
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