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Polar Vortex Drives Up Gas Prices, Iranian Deal Drives Down Crude

By  +Follow January 13, 2014 8:46AM
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ETFs tracking natural gas prices spiked Monday, following natural gas futures north as speculation that Thursday’s report on stockpiles from the Energy Department will show steep declines. Natural gas futures for Feb. 14 delivery were up over 4.75 percent Monday.

Gains for natural gas futures pulled up the major ETFs tracking natural gas prices, as well as companies extracting it. The United States Natural Gas Fund (UNG) jumped by more than 4.75 percent, the iPath Dow Jones UBS Natural Gas Subindex Total Return ETN (GAZ) climbed over 6.25 percent, and the United States 12-Month Natural Gas Fund (UNL) is up almost 3.5 percent.

Polar Vortex, Cold Weather Could be Spurring Demand

The winds that swept down from the north bringing sub-zero temperatures to most of the United States this last week also brought with them the chance that natural gas usage would increase dramatically. And, with MDA Weather Services predicting persistently lower-than-average temperatures, speculation appears to be raging among traders that the US Energy Department will report dramatically lower reserves on Thursday, driving up prices for natural gas.

“Traders are focusing on the fact that we’re probably going to see a record storage withdrawal,” said FCStong Latin America’s senior vice president of energy trading Tom Saal. “The market’s not ready to give up on winter yet.”

Thursday’s report is widely expected to show reserves dropping by more than 300 billion cubic feet in the week ending Jan. 10, a figure that would exceed the previous record decline of 285 billion cubic feet from Dec. 13.

Crude Oil Prices Continue to Plunge

News of this weekend’s deal with Iran that could return some of that country’s vast oil reserves to the open market pushed crude prices even lower on Monday, moving against natural gas’ big gains. West Texas Intermediate (WTI) crude was down almost 1 percent, below $92 a barrel, while Brent Crude was off over 0.25 percent to just under $107 a barrel.

"Up to 1 million barrels of Iranian oil per day could become available," said Commerzbank analysts. "Unless oil production was cut elsewhere, this would give rise to a considerable oversupply on the oil market, which would weigh on prices."

WTI reached a six-month low, continuing a decline of over 8 percent since it peaked at just over $100 a barrel in late December and pulling down ETFs connected to crude prices with it. The United States Oil Fund ($USO) was off almost 1.25 percent, the PowerShares DB Oil Fund ($DBO) fell just over 1 percent, and the United States 12-Month Oil Fund (USL) fell almost 0.75 percent.

 

Results for UNG
Seasonalysis
24 Apr 14 17:23:59
RT @LoneStarQuant: Incredible long trade setup on $UNG http://t.co/iJ7eJViIpV via @seasonalysis
ChartingStock
24 Apr 14 17:01:04
$UNG Resistance $26.66 $27.05 $27.31 $27.58 $27.89..Support $26 $24.96 $24.62 $24.32 $24.08 $23.79..More @UNGTrader Manage Risk
Jackie Highfield
24 Apr 14 16:34:04
$UNG Natural Gas Weekly Injections Must Double To Refill Inventories http://t.co/9d5zJEFz4c
Mark Yusko
24 Apr 14 16:25:07
RT @SeekingAlpha: Natural Gas Weekly Injections Must Double To Refill Inventories http://t.co/1wB0XgYJMI $UNG $DGAZ $UGAZ $BOIL $GAZ $KOLD …
Hank
24 Apr 14 16:20:43
20 and 30 yr seasonality shows similar bottoms in late spring MT @LoneStarQuant: Incredible long trade setup on $UNG http://t.co/WMbxr0NYpA
Seeking Alpha
24 Apr 14 15:30:00
Natural Gas Weekly Injections Must Double To Refill Inventories http://t.co/1wB0XgYJMI $UNG $DGAZ $UGAZ $BOIL $GAZ $KOLD $UNL $NAGS $DCNG
Seasonal Trader
24 Apr 14 14:41:10
Incredible long trade setup on $UNG http://t.co/iJ7eJViIpV via @seasonalysis
Gary J. Palys
24 Apr 14 13:57:34
RT @EliteDayTraders: $DGAZ in @2.74 $UNG could have the largest injection season in history, inventory numbers in 20 mins good luck to us a…
Native Texan 2.0
24 Apr 14 12:13:01
#NatGas Weekly Injections Must Double To Refill Inventories $UNG $DGAZ http://t.co/jRneosY8dd
Hard Assets Investor
24 Apr 14 12:11:41
NatGas Weekly Injections Must Double To Refill Inventories $UNG http://t.co/019ghMcEC3
Jackie Highfield
24 Apr 14 09:55:04
$UNG Why Buy Silver or Gold When You Can Own Zinc? A Wall Street Transcript Interview with Adam Low, Metals and Mining Analyst with...
chartguy89
24 Apr 14 09:35:13
GS Stock Chart $GS $VZ $EDV $UNG http://t.co/gde9Z7h9Pp http://t.co/BbSQFHwMnM
Stock_Tracker
24 Apr 14 09:19:12
$UNG Headlines Natural gas supply shortage could jack up prices 6:00 a.m. April 11, 2014 - Myra P. Saefong Bul http://t.co/WvOIGx9Ml4
iHangout
24 Apr 14 09:01:18
DennyT: The Launch Pad: XLE Insider Disclosure $XLE $IBB $AXLX $UNG $TNA http://t.co/pxni7tAkYY
DennyT
24 Apr 14 08:59:17
XLE Insider Disclosure $XLE $IBB $AXLX $UNG $TNA Buy or Sell Opinion,Stock Chart,Open,Headlines,On Watch Stock http://t.co/O1fNkUUspC
DennyT
24 Apr 14 08:46:54
BX Summary $BX $AGNC $NEM $UNG $EDZ Opinion Today,Chart,Open,Recent Headlines,Picking Up MOMO Stock Quote http http://t.co/723GkVAXkW
 Lin/林莹君
24 Apr 14 08:17:43
$UNG a very short live bounces $DGAZ Vs $UGAZ
iHangout
24 Apr 14 08:09:09
clayton: Estrella's Sizzling Hot Stock Plays: $UNG 26.34 http://t.co/HAGNdmmiEu
clayton
24 Apr 14 08:04:53
$UNG 26.34 http://t.co/pWaonUvN9t
danrocks
24 Apr 14 08:02:28
$GLL On Radar $BZH $UNG $GLL $MRK $ILNS http://t.co/eRRQ1nJ1j7
leahanne
24 Apr 14 07:51:40
$BZH Beazer Homes USA (BZH) 19.09 +0.36 (+1.92%) $MVIS $FCEL $UNG http://t.co/qNjkqCHwLq
lookn4wins
24 Apr 14 07:49:35
$SSO Stock Chart $SSO Most recent stock chart and technical analysis. $CLDX $HYG $GLOG $UNG $SMH $FEYE http:// http://t.co/1vnQvteYes
All @jenn4laughs'
24 Apr 14 07:30:52
RT @TradersCom: #EIA NATURAL GAS INVENTORIES: +49 BCF VS. +40 BCF TO +44 BCF EXPECTED RANGE #natgas $UNG
Traders Community
24 Apr 14 07:30:40
#EIA NATURAL GAS INVENTORIES: +49 BCF VS. +40 BCF TO +44 BCF EXPECTED RANGE #natgas $UNG
Optionsvoice
24 Apr 14 07:29:32
Took profit 15% $ung
lookn4wins
24 Apr 14 07:29:09
$DSCR Candlesticks $DSCR Most recent stock chart and technical analysis. $UNG $UDN $ANV $USCI $NFLX $ILNS http http://t.co/Ft0VHShyoi
Robert Lesnicki
24 Apr 14 07:24:20
Just took a position in $UNG ITM calls. Few months out
 Luke Murray
24 Apr 14 07:10:46
$DGAZ in @2.74 $UNG could have the largest injection season in history, inventory numbers in 20 mins good luck to us all
Robert Lesnicki
24 Apr 14 07:10:32
$UNG is tempting here
Market Int Center
24 Apr 14 06:47:09
Potential US Natural Gas $UNG Trade Targets 4.17% Return ( http://t.co/4qJYR7fkJd )
Market Trader Daily
24 Apr 14 06:30:00
Apr 24-2014 Thu Mkt Open - $GLD 122.87 $USO 37.12 $UNG 26.51 $UUP 21.32 $DBA 28.28 $FB 63.32 $AAPL $AAL 37.90 569.83 #stocks #trading
Mitchell Warren
24 Apr 14 05:32:58
Pre-Market Activity: $SPY +0.64% $VXX -1.22% $TLT -0.49% $UNG +1.19% $GLD -1.16% $SLV -1.87%
iHangout
24 Apr 14 04:10:13
Stock_Tracker: Stock DD Board: US Natural Gas (UNG) 26.34 $UNG Ukraine Tensions http://t.co/G7ngSRaxVL
Stock_Tracker
24 Apr 14 04:08:27
US Natural Gas (UNG) 26.34 $UNG Ukraine Tensions May Benefit Commodities Bulls Richard Cox, The Motley Fool - http://t.co/9VpVo0Nqpr
Brecken Khamba
24 Apr 14 03:53:12
$UNG 3 ETF Uses: Trends, Re http://t.co/uTD7fcbVYa
MasterChartsTrading
24 Apr 14 01:51:58
A Pause at a Critical Juncture http://t.co/F6IxDB9oyz $SPY $IYR $TLT $GLD $GDX $QQQ $UNG $USO #stocks #marketbreadth http://t.co/JsoSVJ71ir
chartguy89
24 Apr 14 01:42:19
UNG 26.34 Stock Charts $UNG United States Natural Gas Fund L.P. (NAR) Last Updated: 04/24/2014 03:42:19 UNG St http://t.co/mintH3NOFc
dalestrnad
23 Apr 14 19:41:56
Selling $aapl into the rally tomorrow,using profits to buy more $free $hemp $joez - $spy $gdx $ung $gg
Native Texan 2.0
23 Apr 14 18:23:05
@WSJphotos @WSJ $UNG
Mark Allan
23 Apr 14 17:52:31
RT @micahspruill: UNG’s Volatility in Two Charts http://t.co/ysiuaUzpJQ #naturalgas $UNG
Lars Meath
23 Apr 14 17:38:19
$UNG 3 ETF Uses: Trends, Re http://t.co/M0pqAnBA8S
Micah Spruill
23 Apr 14 17:00:19
UNG’s Volatility in Two Charts http://t.co/ysiuaUzpJQ #naturalgas $UNG
Ike Startup
23 Apr 14 16:15:16
Channel 2 news SLC,UT reporting $ung and $ugaz explosion at WY hub for nat gas... FYI http://t.co/MotKXpPWGd
Jackie Highfield
23 Apr 14 16:06:09
$UNG 3 ETF Uses: Trends, Reversions, Dividend Capture http://t.co/8LrnRy9PgT
TradeWarrior
23 Apr 14 15:23:14
#Natgas $NG $UNG.. big up day last week-shorts getting stuffed again on record low inventory. . Mañana? ?? #putin http://t.co/8EeNzpVbrk
Market Int Center
23 Apr 14 11:04:04
US Natural Gas $UNG Showing Support Near $26.11 ( http://t.co/VSdN92sypt )
Becky Hiu
23 Apr 14 10:33:37
Commented on StockTwits: Oh dang...if 1 that'd be $UNG lol...alternative space http://t.co/Tcef7ATeQ3
Becky Hiu
23 Apr 14 10:32:30
Commented on StockTwits: $OXY $PLUG $UNG - that's really it for now, lol. http://t.co/f9vmTdU1to
leahanne
23 Apr 14 09:35:40
$GLOG Gaslog Ltd (GLOG) 26.91 -0.21 (-0.77%) $BMY $EFA $UNG http://t.co/f47LsfBagi
iHangout
23 Apr 14 09:31:45
chartguy89: Stock Charts: EBAY Stock Chart $EBAY $GRPN $UNG $XLI http://t.co/4UvDI42PEu
				
				
By  +Follow January 13, 2014 8:46AM
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