Dow Jones Natural Gas - End of Day Commentary

DJ Natural Gas Inches Up on Abnormally Cool Weather


   By Timothy Puko and Nicole Friedman


  Natural gas prices strengthened Tuesday on abnormally cool spring weather forecasts, which could increase demand for
the heating fuel.

  Futures for May delivery settled up 3.9 cents, or 1.5%, at $2.575 a million British thermal units on the New York
Mercantile Exchange.

  Now that the peak of winter demand season is past, the gas market is dominated by low volatility and traders who buy
and sell based on charts, analysts and a broker said. That has led to small seesaw moves and only a gradual and
grinding descent in prices since late December.

  "Short-term temperature forecasts still tilt bullish, but not enough to sustain price advances much above this week's
highs," energy-advisory firm Ritterbusch & Associates said in a note.

  The market is likely to remain steady, said Frank Clements, co-owner of Meridian Energy Brokers Inc. Below-normal
temperatures in the Midwest in the coming week is enough to keep the selloff in check, he said.

  "The market...is going to just [hover] between $2.48 and $2.69," Mr. Clements said. "Longer-term, the whole thing is
pointing lower, but, shorter-term, it just isn't ready to go there."

FUTURES       SETTLEMENT        NET CHANGE
Nymex May       $2.575          +3.9c
Nymex June      $2.620          +4.2c
Nymex July      $2.683          +4.3c
CASH HUB        RANGE                        PREVIOUS SESSION
El Paso Perm    $2.3475-$2.385                $2.28-$2.39
El Paso SJ      $2.36-$2.3975                 $2.285-$2.35
Henry Hub       $2.53-$2.5825                 $2.62-$2.645
Katy            $2.52-$2.56                   $2.555-$2.63
SoCal           $2.46-$2.495                  $2.40-$2.44
Tex East M3     $1.71-$1.83                   $1.33-$1.565
Transco 65      $2.51-$2.5525                 $2.58-$2.6225
Transco Z6      $2.46-$2.54                   $1.65-$1.80
Waha            $2.45-$2.465                  $2.40-$2.43


  Write to Timothy Puko at tim.puko@wsj.com and Nicole Friedman at

  nicole.friedman@wsj.com


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  (END) Dow Jones Newswires

  April 21, 2015 15:51 ET (19:51 GMT)

  Copyright (c) 2015 Dow Jones & Company, Inc.

042115 19:51 -- GMT
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