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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. |
