ProShares Ultra Bloomberg Natural Gas
Latest ProShares Ultra Bloomberg Natural Gas News and Updates
Natural Gas Could Regain the $3 Mark Next Week
In the next seven days, natural gas October futures could close between $2.85 and $3.11 per MMBtu (million British thermal units).
Can the Natural Gas Inventories Spread Rescue Natural Gas Bulls?
In the week ended June 23, 2017, natural gas inventories were at 2,816 Bcf (billion cubic feet)—46 Bcf more compared to the week earlier.
US Natural Gas Inventories Pressure Prices
The EIA reported that US natural gas inventories rose by 54 Bcf to 2,115 Bcf on April 7–14, 2017. Inventories rose 2.6% week-over-week but fell 14.8% YoY.
What Contango Could Mean for Natural Gas Traders
Active natural gas futures are currently trading at a discount of $0.56 to the futures contracts 12 months ahead. The situation is called “contango.”
What’s the Natural Gas Outlook for This Week?
The weather forecast for October 3 to October 9, 2016, indicates that temperatures in the United States could remain higher than the five-year average for the period between October 3 and October 6.
Why the Weather Could Mean Trouble for Natural Gas Bulls
The weather forecast for September 26 to October 2 indicates that temperatures in the US could remain lower than the five-year average for the period.
Natural Gas Traders Should Watch This Weather Report
The weather forecast for September 19–25, 2016, indicates that temperatures in the United States could remain higher than the five-year average for the same period.
How Weather Could Be a Bullish Catalyst for Natural Gas
The weather forecast for September 12–18, 2016, indicates that US temperatures could remain higher than the five-year average for the same period.
How Could the Weather Impact Natural Gas Prices?
Weather forecasts for September 5–11 indicate that temperatures in the United States could remain higher than the five-year average for the same period, except on September 5.
What Does The Price Action in Natural Gas Indicate?
In the last five trading sessions, natural gas October futures have risen by 1.8%. They closed at ~$2.89 per MMBtu on August 31, 2016.
What’s Driving Natural Gas Prices Higher?
Natural gas prices broke above the 20-day moving average on August 23. This indicates short-term bullishness in natural gas prices.
How Will Weather Affect Natural Gas Prices This Week?
Lower temperatures decrease the use of natural gas (UNG) (DGAZ) (BOIL) (FCG) (UGAZ) (GASL) for cooling purposes during the summer.
How Will the Weather Impact Natural Gas This Week?
In the week ending August 12, temperatures were higher than the forecast for the week. Natural gas futures fell 6.7% for the week ending on August 12.
How Weather Could Impact Natural Gas Prices
In the week ended August 5, 2016, temperatures were higher than the forecast for the week. That boosted natural gas prices on August 3.
