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Daily Market Update November 2, 2018

Early Morning Update

The Dec18 natural gas contract is trading down $0.06 at $3.17. The Dec18 crude contract is down $0.36 at $63.33.



NYMEX prompt month prices slipped slightly yesterday, closing down $.024 to end the day at $3.237.  News of a slightly disappointing storage report (+48 vs +52) appeared to have little impact on pricing.   Pricing for longer term NYMEX again saw little change and closed nearly flat.  The prompt month has been stuck in a tight trading range for a month now.  Prices for Dec18 have been stuck between $3.20 and $3.30 with little activity outside that range.  The market has a close eye on short-term weather forecasts, currently through the third week in Nov, and when they start appearing for Dec.
Power pricing for eastern markets ticked higher yesterday while western markets saw little change.  Looking at weather, forecasts show above average temps along the east coast for the next week, with a large area of below-average temps in the mid-con, and down into Texas.  


Market Update 110218

Market Settles 110118

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