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Daily Market Update July 3, 2017

Early Morning Update

The Aug17 natural gas contract is trading down $0.01 at $3.02.  The Aug17 crude contract is up $0.36 at $46.40.




The market ended the week on a quiet note with the prompt month finishing down $.007 to close at $3.035.  Long term prices also saw little movement on Friday as traders seemed content to wrap things up early and get a head start on the weekend.  On the week however, the prompt month did drift higher on weather forecasts that seemed to show that summer is finally arriving in the eastern 2/3 of the country.  The west is still baking but the heat is making its way eastward.  With higher temperatures, higher power burns levels should follow. And the market seemed to react to that last week.  Today we can expect a relatively quiet market as many traders have the day off.  Tuesday the markets are closed but we’ll be back at it on Wednesday.

Market Update 063017

Market Settles 062917

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