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6/21/09 Natural gas futures are still selling off as the short
covering rally fades and underground supplies continue to
increase. The most recent DOE estimate is a 30% increase from
last year and 22% above the 5 year average. Natural gas option
premiums are high.
6/5/09 Natural gas futures prices are still low in spite of the
beginning of the hurricane season and the cooling season. The
recent DOE report showed natural gas supplies up 31% from a year
ago and up 22% from the 5 year average. Natural gas option
premiums are high.
5/30/09 Natural gas futures prices are still low as demand is
lackluster and supplies are more than enough to handle the
cooling season. Natural gas option premiums are high.
5/22/09 Natural gas futures prices are still falling as a lack
of demand is causing huge supply issues. The recent DOE report
showed underground stockpiles up 22% above the 5 year average
and up 32% from last year. Natural gas option premiums are high.
5/15/09 Natural gas futures are above the $4 level again in
spite of the recent DOE report that showed underground supplies
up 33% from a year ago levels. Natural gas option premiums are
high.
5/8/09 Natural gas futures prices are finally showing some life
in spite of the recent DOE report that showed underground
supplies up 34% above year ago levels and up 23% above the 5
year average. Natural gas option premiums are high.
4/30/09 Natural gas futures prices are still coming down as
burdensome supplies are being met by less demand. Natural gas
option premiums are high.
4/23/09 Natural gas futures prices are still near the contract
lows and the DOE report estimates that natural gas prices will
average about $4.24 this year. Natural gas option premiums are
high.
4/10/09 Natural gas futures prices sold off to a contract low
this week as weak demand and ample supplies are holding prices
down. Natural gas option premiums are high.
3/27/09 Natural gas futures prices sold off this week as the DOE
report showed underground supplies of natural gas up 29% from a
year ago. Natural gas option premiums are high.
3/20/09 Natural gas futures prices rallied 50 cents this week as
inflation may replace the worst deflationary cycle since the
Great Depression. The recent move by the Fed to print a trillion
dollars and use them to buy treasuries significantly decreased
the value of the US Dollar this week. Natural gas option
premiums are high.
3/13/09 Natural gas futures prices are still selling off as
demand is down and supplies are still burdensome. Natural gas
option premiums are high.
3/7/09 Natural gas futures prices sold off again this week as
the DOE report showed supplies up 15% from a year ago and up 14%
above the 5 year average. Natural gas option premiums are high.
2/27/09 Natural gas futures prices sold off to near 6 year lows
this week as overabundant supplies and weak demand pressured
prices. The DOE estimates that natural gas supplies are up 14%
from a year ago and 8.4% above the 5 year average. Natural gas
prices are high.
2/13/09 Natural gas futures prices are still holding on to the
downtrend as cold weather related use could not prop up prices
by using up the burdensome underground supplies. Natural gas
option premiums are high.
2/6/09 Natural gas futures prices are still coming down in spite
of recent cold weather using up supplies. The underground
supplies of natural gas are up 3% from a year ago and above the
5 year average. Natural gas premiums are high.
1/30/09 Natural gas futures prices are still in a steep
downtrend as the underground supplies seem to be adequate for
any more harsh weather concerns throughout the areas of the US
where natural gas is primarily used. Natural gas option premiums
are high.
1/16/09 Natural gas futures are at contract lows in spite of the
frigid temperatures in many parts of the US. The DOE estimates
that underground supplies are up 1% from a year ago and up 3%
from the 5 year average. Natural gas option premiums are high.
1/10/09 Natural gas futures prices are still near the lows as
temperate US weather has been dominating many parts of the US.
Natural gas option premiums are high.
12/27/08 Natural gas futures rallied this week in thin market
trades and extremely cold weather in natural gas using regions
of the US. Natural gas option premiums are high.
12/19/08 Natural gas futures have been falling this week as a
lack of industrial demand and the weakening energy complex have
pressured prices. Underground supplies are now down 1% from a
year ago. Natural gas option premiums are high.
12/12/08 Natural gas futures are near their lows in spite of the
rally in the energy markets this week. The DOE expects natural
gas prices to average $6.25 in 2009 as underground supplies are
plentiful and demand is light. Natural gas option premiums are
high.
12/05/08 Natural gas futures hit their lowest price levels in 3
years as demand wanes. Natural gas option premiums are high.
11/30/08 Natural gas futures came down this week as warm
temperatures cover most of the US. Natural gas option premiums
are high.
11/21/08 Natural gas futures are still coming down. The most
recent DOE report showed underground supplies up 16 billion
cubic feet and supplies are down 1.4% from a year ago. Natural
gas option premiums are high.
11/7/08 Natural gas futures prices are still selling off as cold
weather has not yet begun to impact supplies. The DOE reported
that underground supplies were up 12 billion cubic feet and the
supplies are now down 4% from last year and up 2% of the five
year average. Natural gas option premiums are high.
11/1/08 Natural gas futures prices are coming down again. The
DOE estimated a 46 billion cubic feet increase in underground
supplies of natural gas putting current supplies 3% below last
year and up 3% from the 5 year average. Natural gas futures
prices are now down 50% in the past 4 months. Natural gas option
premiums are high.
10/24/08 Natural gas futures prices are still falling with the
rest of the energy sector. The massive amounts of deleveraging
of the stocks and commodity markets are pressuring prices.
Prices have fallen nearly $8 from the highs. The DOE says
that underground supplies of natural gas are now 2% below the 1
year average and 3% above the 5 year average. Natural gas option
premiums are high.
10/10/08 Natural gas futures are still coming down with the rest
of the energy sector. The DOE reported that underground
inventories rose by 88 billion cubic feet and supplies are now
down 4% from a year ago and up 2% of the 5 year average. Natural
gas option premiums are high.
10/6/08 Natural gas futures are falling below $7. Natural gas
supplies are higher than the 5 year average and the slowing
economy makes the supplies plentiful. Natural gas option
premiums are high.
9/26/08 Natural gas futures are range bound this week as the DOE
report showed an increase in underground supplies of 51 billion
cubic feet which puts supplies down 5% from a year ago and up 1%
from the 5 year average. Natural gas option premiums are high.
9/19/08 Natural gas futures sold off as hurricane Ike only
damaged 10 oil and gas platforms and the DOE reported that
underground supplies are now 5% below a year ago and up 2% from
the 5 year average. Natural gas option premiums are high.
9/12/08 Natural gas futures rose as Hurricane Ike slams into
Houston, TX. The DOE reported that underground supplies are down
5% from last year and up 3% from the 5 year average. Natural gas
option premiums are high.
9/5/08 Natural gas futures fell this week as Hurricane Gustav
did not cause any damage to the platforms and infrastructure.
The DOE reported that supplies are down 5% from a year ago and
up 4% over the 5 year average. Natural gas option premiums are
high.
8/29/08 Natural gas futures rallied because of the threat of
Hurricane Gustav potentially hitting near Texas and Louisiana.
The Independence Hub produces over 800 million cubic feet a day.
Tempering prices is the news that new methods of extracting
natural gas may be the cause of the extra supplies in the
pipelines. The DOE reported that natural gas supplies were up
102 billion feet putting supplies down 7% from a year ago and up
3% from the 5 year average. Natural gas option premiums are
high.
8/22/08 Natural gas future prices are still falling. The recent
DOE report about the supplies of underground natural gas showed
supplies down 9% from a year ago and 1% above the 5 year
average. Natural gas option premiums are high.
8/15/08 Natural gas futures prices are still falling based on
slack demand and the overall weakness in the commodity markets.
The DOE report showed supplies up 50 billion cubic feet making
supplies down 11% from a year ago and slightly below the 5 year
average. Natural gas option premiums are high.
8/8/08 Natural gas futures prices have fallen by around $5 in
the last couple of months. The DOE says that underground
supplies were up 56 billion cubic feet last week and are 12%
below last year's levels. Natural gas option premiums are high.
7/25/08 Natural gas futures prices collapsed again this week
based on lack of damage caused by hurricane Dolly and in spite
of supplies being under last year by 13% and 1% below the five
year average. Natural gas option premiums are high.
7/18/08 Natural gas futures prices collapsed this week in the
wake of the broad based commodity sell off in crude oil. The DOE
estimated that supplies are down 14% from a year ago and 2%
below the 5 year average. Natural gas option premiums are high.
7/11/08 Natural gas futures prices sold off this week in spite
of above average temperatures and a drawdown in underground
supplies to 15% below a year ago and 3% below the 5 year
average. Natural gas option premiums are high.
7/4/08 Natural gas futures prices are above $13 in spite of a
build in underground natural gas supplies this week. Natural gas
option premiums are high.
6/27/08 Natural gas futures are above $13 again because the DOE
says that supplies are down 16% from a year ago and down 3%
below the 5 year average. Natural gas option premiums are high.
6/20/08 Natural gas future prices rallied to
new contract highs this week because of 90 degree days in the
south and the DOE report that supplies are now down 16% from a
year ago and down 3% from the 5 year average. Natural gas
options premiums are high.
6/13/08 Natural gas futures prices rallied
to contract highs again this week based on draw downs in
supplies and hot weather in the mid West. Natural gas futures
prices are nearing $13. Natural gas option premiums are very
high.
6/6/08 Natural gas futures prices rallied to
contract highs this week based on supplies being down 15% from a
year ago and the strength of the other energy markets. The heat
wave in the mid West is also helping prices. Natural gas option
premiums are very high.
5/30/08 Natural gas futures prices fell this
week following crude oil lower. The DOE report showed natural
gas supplies are down 16% from a year ago and below the 5 year
average. Natural gas option premiums are high.
5/23/08 Natural gas futures prices rallied
to another contract high this week to break the $12 price level.
The DOE reports that underground supplies of natural gas are
down 16% from a year ago and below the 5 year average. Natural
gas option premiums are very high.
5/15/08 Natural gas futures prices sold off
from contract highs. The DOE estimates that natural gas
inventories are down 16% from a year ago and slightly above the
5 year average. Natural gas option premiums are high.
5/9/08 Natural gas futures rallied to their
contract high this week as the DOE estimates that underground
supplies are down 17% from a year ago. The cooling and hurricane
season is coming soon. Natural gas option premiums are very
high.
5/1/08 Natural gas futures prices sold off
from their contract highs this week following crude oil down.
The DOE says underground supplies are down 16% from last year
and the hurricane and cooling season is right around the corner.
Natural gas option premiums are very high.
4/25/08 Natural gas futures prices hit
another contract high this week as its ascent nears the $11.50
price range. The DOE reported this week that underground
supplies of natural gas are down 18% from a year ago and 2%
below the 5 year average. The loose relationship between crude
oil prices and natural gas prices alludes to near $15 natural
gas futures prices this year. Natural gas option premiums are
very high as usual.
4/18/08 Natural gas futures hit a contract
high this week based on the underground supplies being down 19%
from a year ago and huge overseas demand for liquified natural
gas. Many countries like Japan are willing to pay a premium for
natural gas and supplies generally go to the highest bidder.
Natural gas option premiums are very high.
4/11/08 Natural gas futures traded above the
$10.30 level again this week and then sold off. The DOE report
showed that underground supplies of natural gas are down 22%
from a year ago. The late cold snap throughout the midwest is
also helping to boost natural gas futures prices. Natural gas
option premiums are very high.
4/4/08 Natural gas futures are trading
within a $1.50 range for the last month. The DOE report showed a
decline in underground supplies to 20% lower than a year ago but
slightly above the 5 year average. Natural gas option premiums
are very high.
3/28/08 Natural Gas futures rallied this
week based on the DOE report showing that underground supplies
are 16% lower than this time last year. The late cold front that
came through the mid west last week is also helping to use up
supplies. Natural gas option premiums are very high.
3/21/08 Natural Gas futures prices kept
falling this week as Wall Street hedge funds and commodity funds
liquidated futures positions to cover margin calls in stocks and
to pay back borrowed money. The Bear Stearns issue took the
confidence from investors. The Fed's 75 basis point cut
surprised investors because a full 100 basis point cut was
expected. Underground supplies of natural gas are 14% lower than
this time last year. Natural gas option premiums are very high.
3/14/08 Natural gas futures prices rallied
again this week through $10. The EIA report showed underground
supplies of natural gas are 10% below a year ago. Based on the
high prices for heating oil many utility companies are using
natural gas to produce electricity. This may use up more
supplies in the coming months if heating oil/diesel stays at
these all time high levels. Natural gas option premiums are very
high currently.
3/7/08 Natural gas futures prices rallied
again this week based on the underground supplies being down by
10% from a year ago and cold weather throughout the Midwest US.
Natural gas option premiums are extremely high currently.
2/29/08 Natural gas futures prices rallied
to a contract high based on the EIA report that underground
supplies dropped down to 8% lower than last years levels. Recent
cold weather is past and above normal temperatures are expected
over the next week or so. Natural gas futures prices are up this
year 26% so far. Natural gas options premiums are ridiculous
right now.
2/22/08 Natural gas futures prices rallied
to the $9 based on the DOE's estimate that underground supplies
are down 7% from a year ago and the cold snap in the Midwest
also is using up supplies. Utility companies are using up
natural gas supplies because it is relatively cheap compared to
petroleum based fuels. Natural gas option premiums are very
high.
2/15/08 Natural gas futures prices are
trading higher again this week based on cold temperatures in the
Midwest and Northeast portions of the US. The IEA supply and
demand report showed supplies are down 9% from a year ago which
pushed natural gas to an 8 month high in prices. Natural gas
prices are still low compared to crude oil based products.
Natural gas option premiums are very high.
2/8/08 Natural gas futures are trading near
the $8 level this week. Cold weather caused draw downs in
supplies and the current supplies of natural gas are down 13%
from a year ago and 3% under the 5 year average for this time of
year. The cooling and hurricane season are a few months away and
natural gas supplies will have to make up some ground soon or
natural gas futures prices may go up to $9 or more this summer.
Natural gas options premiums are very high.
2/1/08 Natural gas futures prices broke out
above $8 this week. Cold weather is starting to affect supplies.
The current supplies are 9% below last year's price for this
time period. Natural gas futures prices are finding support at these
price levels. Natural gas futures prices has a heating demand to
contend with but sustained cold temperatures will probably be
needed to spur natural gas futures prices to new higher trading levels.
-T & K Futures and Options Inc. |
