ETC Natural Gas

NEW YORK (Dow Jones)--Natural gas futures reversed their earlier losses Tuesday, breaking into positive territory as bargain buying and cooler weather forecasts for the end of February lifted the market.
Natural gas for March delivery recently traded 4.4 cents, or 1.1% higher, at $3.969 a million British thermal units on the New York Mercantile Exchange. The contract early Tuesday fell as low as $3.891/MMBtu.
Futures declined by more than 9% last week, with prices touching their lowest levels since November as traders bet that warming weather forecasts signaled the end of winter's peak period of demand for the heating fuel.
The market found some support Monday and Tuesday as market participants who had bet that prices would fall bought back those positions to profit from the selloff.
"It was basically a 65-cent drop" from February's highs near $4.50/MMBtu, said John Woods, a trader with JJ Woods Associates. "We're seeing people take some money off the table."
Temperatures are still expected to be warmer than normal across the eastern two-thirds of the U.S. this week, with warmth lingering in the Southeast and parts of the Midwest the following week, meteorologists with Commodity Weather Group said Tuesday.
But forecasting models released midday Tuesday "suggested some colder air in the Midwest and maybe the East as well" toward the end of February, said Matt Rogers, a meteorologist with CWG. "That may have caught people off guard."
Prices were also supported Tuesday as gas consumers took the opportunity to buy at bargain prices, said Ed Kennedy, a senior vice president of energy trading with INTL Hencorp Futures. "There's a lot of buying out there. These are very attractive prices" for gas users.
Meanwhile, manufacturing activity in New York continued to expand in February, the Federal Reserve Bank of New York said Tuesday. The bank's Empire State Manufacturing Survey's business conditions index increased to 15.43 in February, from 11.92 in January.
Gas traders have kept a close watch on manufacturing activity for signs that accelerating growth could lead to increased gas demand. Industrial users account for about a third of the gas delivered to U.S. consumers.
 
vi leggo ascoltando s.remo

non mi sono mai piaciuti ma da questa sera

viva le iene

almeno dicono ridendo cosa tanti pensanp
 

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