NatGas weekly charts

hello,
Thank you for your important news.so how can influence hurricane for natgas trading?will be bearish or bulish for next week?

well hurricane is very,very important for natgas,because of the rigs from gulf of mexico ,which is on the way of hurricanes. if hurricane strike ,price go up. see 2005 katrina when price go up to 15 usd . you can track the hurricane move from www.accuweather.com , www.nhc.noaa.gov. also you can see the price of natgas at http://www.futurespros.com/energies/natural-gas. also you can enter www.firstenercastfinancial.com where on the day of data release they show their forecast.
good luck ,and if you have more questions you can find me here or on yahoo mesenger at geocatalinfx id.

there is WEEKLY CHART. it took 7 weeks to try to break 61.8 % fibo level and couldn't. but last week did broke 61.8. at 3.8 area. Usually price go to 70.7 % fibo at 3.5 area but if hurricane show his power will see price pop up.Also it is possible the major support broke at 3.8 area to become ressistance now. At 3 september last year was the minimum of the year, and after that day price poped up ...

DAILY CHART. so as i said monday,price played this week around 3.8 usd. a daily break up of this ressistance next week is the sign of bulls .

Good call geo

I Closed it 15 minutes ago,also another 2 buys at 3.820 and 3.860. all 3 closed now.

Geo this was good call i bought at 3.80(twice) coming week should be ok nat below 4.00 and .coal above 55 they prefer gas.

subs

geo what does .05 lot equate to in spread points say on igindex and how much is the spread and cost to trade.
I ask this to only to compare cost
thanks for info

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Long

my broker use a spread of 20 pips. 0.05 lot is minimum per trade. and 0.05 lot is 1.5 usd/pip. ,so 0.1 is 60 usd and 1 lot is 600 usd .

i think next week we will see bulls . this week was the minimum of the year. will see....

U.S. coal consumption flat for week - Genscape
Sep 03, 2010
* Some cool weather but lots of heat, storms

* Cheap natural gas cutting into coal-fired power use

HOUSTON, Sept 3 (Reuters) - U.S. coal use was unchanged
this week from the week before but fell 1 percent below
consumption in the same week last year, Genscape said on
Friday.

In the populous East, coal consumption for the week ended
Thursday was even with the previous week and was 3 percent
under the amount burned in the same week last year.

In the less populous West, which has relatively few coal
plants, coal use rose 2 percent week-to-week and was 3 percent
greater than the same week last year.

WSI Corp weather service said cooler, drier weather eased
summer for parts of the North and West, but hot, stormy weather
was more common elsewhere.

Hot weather increases demand for power to run
air-conditioning, but gas-fired plans may be taking a lot of
that load.

Prices for natural gas have fallen under $4 per million BTU
NG-W-HH, and power companies appear to be choosing gas-fired
plants over coal-fired units to meet rising demand.

Lower gas prices are pressuring benchmark coal prices
QLc1 QXc1, which have fallen back to the low $60 range
after spiking upward earlier in the summer.

But coal prices need to be near $55 a ton to compete with
gas under $4, according to a chart kept by energy investment
bank Tudor, Pickering, Holt & Co.

For reports on U.S.energy weather day-by-day, see [WSC/OUS]
and [WSC/STORM].

Coal use swings up and down seasonally, and varies from
week to week and region to region, depending on electricity
demand to power heaters and run air-conditioners.

Consumption also depends on the health of the U.S. economy
with coal-fired generators providing half the nation's
electricity.

Genscape's regional indexes are calculated separately from
the national index and do not always add up to the separately
calculated U.S. total, Genscape has said.
Region Sept 2 Prev wk Yr ago Change wk Change yr

(Million tons) (Percent)
National 20.68 20.74 20.97 0 -1
East 17.85 17.89 18.48 0 -3
West 2.55 2.49 2.46 +2 +3
(Reporting by Bruce Nichols; Editing by Marguerita Choy)

5 Reasons Natural Gas Is Poised for Upside
1. Storage is Trending Lower:
• The EIA reported that for the week ended August 27, 2010 working gas in storage was
3,106 billion cubic feet (bcf), only 54 bcf larger than the prior week. U.S. storage is now
208 bcf less than last year at this time and 169 bcf above the 5-year average.
• More importantly, storage injections have been below the 5-year average for 11
consecutive weeks and this trend is set to continue. Gas storage could end the refill
season on November 1st at approximately 3,500 bcf. This level of storage heading into
the winter heating season supports substantially higher natural gas prices.
2. Demand Continues to Strengthen:
• According to the EIA demand for the first 6 months of 2010 was approximately 4.3%
greater than the first 6 months of 2009.
• Given the strong prices for coal this year, many utilities have stepped up their purchases
of gas to run their usage of their natural gas fired power plant fleet.
• Additionally, despite the weak economy in the U.S., industrial demand for natural gas has
is higher this year compared to 2009.
• Also, as we head into the winter heating season, demand for natural gas always picks up
and should we have another cold winter storage could be drawn down very quickly.
3. Oil/Gas Ratio is Bullish:
• While oil and gas on an energy equivalent basis should trade at a 6:1, the two
commodities currently trade at approximately 19:1.
• Many natural gas focused exploration and production companies have turned their
attention away from natural gas and towards oil. Chesapeake Energy (NYSE:CHK), the
most active driller of shale gas wells in the U.S., has dramatically reduced its natural
drilling in favor of a dozen new oil focused projects. Other companies have pursued
similar paths.
4. Production Starting to Roll Over:
• Monthly U.S. natural gas production which showed production fell 1.2% from May 2010
to June 2010,
• Due to falling production in the Gulf of Mexico, which accounts for nearly 11% of U.S.
production, and several big producing states like Texas, Wyoming and New Mexico,
overall U.S. production is headed downward for at least the next two years. Production
growth from shale plays can no longer offset declines from the Gulf of Mexico and
conventional areas.
5. Pressure Pumping Chokepoint: Due to increased demand for fracture stimulation services
from the nearly dozen unconventional oil and gas plays currently under development in the U.S.
and Canada, many operators are now having to wait weeks and even months for fracturing
services. Once gas prices pick up and operators step up the pace of natural gas directed drilling,
limited availability of fracture stimulation services will keep U.S. gas production from reversing
its recently begun downtrend.
The forward curve for natural gas prices is much lower this year, which is to say the
futures price for gas in 2011-2014 are lower than they were last year – this is bullish because it
means producers can’t hedge big profits. It has also helped create the huge negative sentiment
around natural gas prices, which we believe to be bullish.
http://firstenercastfinancial.com/e_news.php?cont=39312

DAILY CHART. is very important if break Ressistance . already broke green daily trendline .

http://www.nhc.noaa.gov/

now HERMINE :

What platform do you use to trade Nat gas on? And I thought that the prices differentiated accord to which bourse you were trading on since the price is not set as precise as with the oil.

One more question, does Nat gas move as much as Oil or how is it?

WWW.XTB.RO is my broker. have a 20 pips spread. and is NATGAS HENRY HUB NX.
also natgas doesnt move like oil . you have to know a lot of things before trading natgas. i wrote few sites up in one post 2-3 days ago . i use supports and ressistance, fibo ,stochastic and fx5divergence.

hello!!
Thank you for your all information because its pretty hard to find websites where is written about natgas.i was looking alot but you know the websites and providing very good material.thank you very much!