Tuesday, July 16, 2013

After This Week's Heatwave Look for $3.10 Natural gas

Following up on July 1's ""Put Your Head on My Shoulder – Natural Gas Demand Doldrums" (and a bottom)":
Front futures $3.5400, last.
... Will next week's warm up be tradable?
 and reiterated July in July 12's "Natural Gas Weekly Update: Northeast and Southeast spur growth in Lower 48 natural gas power burn"

Front futures $3.669 after getting as high as $3.7180 the futures look heavy. Combined with production running 2% above year ago numbers and cooler-than-average temps next week and we're betting gas trades down to that unfilled gap from Sept. 2012, just above $3.04:


FinViz