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Natural gas futures for April, 2014

Published Mar 13, 2014, 1:49pm

April natural gas futures fell in Wednesday’s session as pressure from impending warm weather looms.  April was pressured below the $4.50 mark to settle at $4.49 on the day, the next point of technical resistance is earmarked at $4.42, if we fail to hold that the next test lower will be the $4.12 or even $4.00 mark. Eyes shift to the EIA storage report due out today at 10:30 EST – prelim forecasts call for a withdraw between 176 to 210 with consensus forming around 195 Bcf.

This could potentially bring us below the 1 TCF mark for working gas in storage.  Despite that, we believe futures may leak lower from here as we are testing that $4.42 mark ahead of the report’s release, and it appears that traders want to move this market lower after failing to rebound higher during the last week. 

Month Price Change Change % High Low Est. Vol.
Apr '14 $4.490 ($0.115) (2.6%) $4.631 $4.448 147,146
May '14 $4.441 ($0.103) (2.3%) $4.570 $4.406 237,492
June '14 $4.470 ($0.097) (2.2%) $4.594 $4.436 64,878
July '14 $4.508 ($0.094) (2.1%) $4.629 $4.478 72,643
Aug '14 $4.505 ($0.090) (2.0%) $4.618 4.468A 51,388
Sep '14 $4.472 ($0.087) (1.9%) $4.582 $4.434 41,299
Oct 14 $4.481 ($0.086) (1.9%) 4.576B $4.438 127,400
Nov 14 $4.524 ($0.084) (1.9%) $4.604 $4.506 47,809
Dec 14 $4.635 ($0.079) (1.7%) $4.693 $4.590 63,277
Jan 15 $4.719 ($0.076) (1.6%) 4.809B 4.672A 55,525
Feb 15 $4.676 ($0.067) (1.4%) $4.716 $4.646 26,196
Mar 15 $4.563 ($0.058) (1.3%) $4.604 4.514A 48,515
             
Winter 14/15 $4.623 ($0.044) (1.0%)      
Winter 15/16 $4.328 ($0.008) (0.2%)