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low volume for today
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Rig Count has risen by 288 for the USA
Canada the Rig Count has risen by 217
March 10 of 2017 was last date
and could be the reason for this latest drop in price for ng
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yes Sabine Pass believe will affect price of ng this year
will be out working today
good luck
will check in during day
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What the market will also focus on is the rig count
From March of last year Rig Count has risen by 288 rigs according to Baker Hughes....that is for the USA
For Canada the Rig Count has risen by 217
March 10 of 2017 was last date
I don't see how we are going to have a shortage
That has been figured into the equation
and could be the reason for this latest drop in price for ng
Sabine Pass is now in the mix to consider
news cycle is contrived
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Gas Glut Reverses Lucrative 2016 Trade
Natural-gas futures have fallen 25% in the oversupplied market, hurting plans to grow U.S. exports
A flood of natural gas swamping the U.S. is turning into a global glut, sinking prices and dimming the hopes of American producers to export their way out of an oversupplied domestic market.
https://www.wsj.com/articles/gas-glut-reverses-lucrative-2016-trade-1489492959
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Natural Gas Prices Could Plunge Below $2
Mar 14, 2017
So far this year, natural gas has performed the worst among major commodities, posting painful losses in January and February. It has rebounded somewhat in the last few weeks, but hovering around $3 per MMBtu, gas prices are still sharply lower compared to the fourth quarter.
According to NOAA, the U.S. just posted its second warmest February on record, dating back to when data collection began in the 19th century. Average temperatures were 7.3 degrees higher than average.
After mild temperatures swept across the continent for long stretches of February, natural gas spot prices crashed below $2.50/MMBtu by the end of the month, down more than a third compared to December highs.
The kicker was a shocking injection in natural gas storage levels in the last week of February – the first February increase in storage levels ever recorded. The surprise uptick in inventory levels threw demand projections off track, and it suggests that natural gas markets are heading back into a period of oversupply. Gas bulls might have hoped that prices would stay above $3/MMBtu and head towards $4/MMBtu, which would help gas drillers across the country, but that looks unlikely for the near- to medium-term. The unexpectedly weak drawdown season puts inventories back above long-run averages (see blue line in chart).
http://oilprice.com/Energy/Energy-General/Natural-Gas-Prices-Could-Plunge-Below-2.html
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natural gas production rise by 25 percent
Keystone XL Does Not Make Sense Anymore
In one startling prediction, Tudor Pickering Holt & Co. believes that natural gas production in the Permian region will rise by 25 percent, a rather staggering growth rate, but considering the drilling frenzy underway there for oil, maybe that shouldn’t come as a surprise. But the spike in gas production could send prices below $2/MMBtu, Tudor Pickering analysts say. Permian gas could come on top of an expected rise in output from the Utica and Marcellus shales in Pennsylvania and Ohio, where more pipeline capacity should open up new flows of gas to mid-Atlantic and Northeast consumers.
http://oilprice.com/Energy/Energy-General/Natural-Gas-Prices-Could-Plunge-Below-2.html
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natural gas production rise by 25 percent
Keystone XL Does Not Make Sense Anymore
In one startling prediction, Tudor Pickering Holt & Co. believes that natural gas production in the Permian region will rise by 25 percent, a rather staggering growth rate, but considering the drilling frenzy underway there for oil, maybe that shouldn’t come as a surprise. But the spike in gas production could send prices below $2/MMBtu, Tudor Pickering analysts say. Permian gas could come on top of an expected rise in output from the Utica and Marcellus shales in Pennsylvania and Ohio, where more pipeline capacity should open up new flows of gas to mid-Atlantic and Northeast consumers.
http://oilprice.com/Energy/Energy-General/Natural-Gas-Prices-Could-Plunge-Below-2.html
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Natural Gas Prices Could Plunge Below $2
Mar 14, 2017
So far this year, natural gas has performed the worst among major commodities, posting painful losses in January and February. It has rebounded somewhat in the last few weeks, but hovering around $3 per MMBtu, gas prices are still sharply lower compared to the fourth quarter.
According to NOAA, the U.S. just posted its second warmest February on record, dating back to when data collection began in the 19th century. Average temperatures were 7.3 degrees higher than average.
After mild temperatures swept across the continent for long stretches of February, natural gas spot prices crashed below $2.50/MMBtu by the end of the month, down more than a third compared to December highs.
The kicker was a shocking injection in natural gas storage levels in the last week of February – the first February increase in storage levels ever recorded. The surprise uptick in inventory levels threw demand projections off track, and it suggests that natural gas markets are heading back into a period of oversupply. Gas bulls might have hoped that prices would stay above $3/MMBtu and head towards $4/MMBtu, which would help gas drillers across the country, but that looks unlikely for the near- to medium-term. The unexpectedly weak drawdown season puts inventories back above long-run averages (see blue line in chart).
http://oilprice.com/Energy/Energy-General/Natural-Gas-Prices-Could-Plunge-Below-2.html
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NOAA & European Weather Maps
ECMWF.....European Weather Maps
Can give you CFS...ECMWF...GFS or GDPS Maps
http://www.pivotalweather.com/model.php?m=ECMWF
NOAA weekly weather forecast & Climate Prediction ******
Digital Weather Prediction
http://digital.weather.gov/
Weekly Weather Prediction
http://www.weatherstreet.com/states/u-s-min-temperature-forecast.htm
Climate Prediction Center
http://www.cpc.ncep.noaa.gov/products/predictions/long_range/two_class.php
CFTC COMMITMENTS OF TRADERS REPORT
http://www.naturalgasintel.com/CFTC
6 to 10 Day Weather outlook.....and
8 to 14 DAy Weather outlook
http://www.cpc.ncep.noaa.gov/products/predictions/610day/index.php
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not sure we are headed upward as of yet
appears we could be in a down mode
do we need to go sideways first before headed up....????
2.93 could be important #
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what is the top blue line number
is it a MA
or
SMA
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looking at possabilities
appears could be trying for 2.60
not sure.....but telling me it may be their goal....shall see
chart could see ....if breaks tru 2.60
this will be the 4th time trying to get tru 2.60
it could do it
if gets tru we could see 2.40 area
weekly chart
high trend line
high of 3.78 on 12-5-16
high of 3.089 on 3-13-17 week
low trend line
draw trend line from 3.40....is high on 10-10-16
down to 2.52 low on 2-20-17
if this holds true we could possibly see 2.4 area
which is resistance area on 1-4-16
does it get there....I can't guarantee
possability
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figured ng would hit 2.94
but hit 2.93
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That's fine
Hope u get a finer tune to the market
U are good at what u do
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yes I am....been holding
may have gotten in early
but
on the right side
I'm not shocked at all
it was due for a technical correction
it'z in the chart if u look hard enough....it tells u
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if ng breaks tru 2.96
could get real ugly for U
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have u looked at the futures contracts this morning
a sea of RED
dropping like a rock
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National Weather Service has cancelled its blizzard warning for New York City as the bulk of the storm has shifted West.
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appears we have warm weather....in NY
DGAZ could be good
ng if 2.9 area holds
not sure it will.....could be in for technical correction
they are over on the D board pumping U
pffffhhhhtttttt
2.85 was that ur gap area
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sorry I didn't see u
post wan't to me
if fails I see 2.9 ish
spot.... 3.06 is the point where it rolled over on the 5 min chart
at about 5:30 this morning
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here are some other stocks to look at if ur posative on ng
XCO...UPL...RRC...XOP...Nat Gas is 49% + of their production
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117527324
Nat Gas ETF's
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117241101
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as suggested last week GOLD up on deck.....GDX is up 1.24 %
today NUGT is up 4.00 %
Semiconductors are up....SOXL is up 1.72 %
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117921708
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will it blow past 3.00
could bounce a little
still think we in down draft mode
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all Futures contracts = RED
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getting close to my 3.00
now thinking 2.94 could be #
as I said earlier.....look what they did....sold into the news....dahhhhhhh
news.....NE bracing for blizzard
do they sell into news
Could be in the 2's soon
A reverse split will have no affect on value of ETF's
They are not like stocks
It's in the perspective...read it
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domestic wise ....but
believe energy will pull USA out of the RED
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believe weather is 2nd dary to why prices rising
but high prices could cause ng own down fall
be interesting how it all plays out
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news.....NE bracing for blizzard
do they sell into news
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yes u should have bought the spike
I would throw caution to the wind buying U at these prices
too many other power sources to consider when prices get this high
wind.....coal.....etc
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contracts going RED
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appears 3.00 could be retrace # to hold
if retraces
should be due for one any day
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Feb 19 = RED
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appears could be coming against head wind
Friday pop n drop...sell off on way up
appears
shall see Monday
if retraces
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NUGT back up on board
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now paying more for water than we are paying for gasoline
missed that investment
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morning mick....Russia must be wrenching their hands right now
we bought it for nearly nothing.....lol
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