• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Cash Strength And Nuke Outages Rally Nat Gas

By Kurt Osterberg · On April 13, 2018

May natural gas prices continued their rally today, settling up just less than 2% following a slightly tighter than expected print yesterday and continued cash strength today. 

Yet again we saw the front of the strip lead the way higher, with spreads tightening gradually along it. 

Cash prices have continued to help drag up the front of the strip, a trend we saw yet again today. 

This fit perfectly with our expectations, as our Morning Update title focused on how we expected a morning pop from cash prices before trading settled down. 

The cash-led rally we have seen this week can best be seen by the May/October K/V contract spread, which has shot up significantly over the past week. 

Cash prices have been aided by stronger burns this week as nuclear outages have skyrocketed. 

Yet it was similarly clear that overnight weather changes were not as responsible for the rally today, as our Morning Update actually showed a slight tick down in our 15-Day GWDD forecast. 

Still, it was our accurate reading of short-term price catalysts and balance that led us to predict the cash-led spike in prices this morning, and prices even gradually ticked lower through the rest of the day off of our $2.75 resistance level in line with our expectations. 

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.