3. exchange rate 4. Climate, seasonality 5. Alternative energy development 6. War, blockade, embargo or economic sanctions Advantages: 1. Deep, liquid market 400k contracts traded daily, 1.4M of open interest. 2. Global benchmark World’s 3rdlargest physical commodity futures; use growing in ...
On the other hand, if futures markets for natural gas fail the efficiency tests, this will reflect: 1) a lack of liquidity in futures markets and/or possibilities of an excess return in the short term; 2) a pass-through of the seasonality of power demand in the gas market; 3) the ...
Analysis of Selected Seasonality Effects in Mar ket s of Futures Contracts with the Following Underlying Instruments: Crude Oil, Brent Oil, Heating Oil, Gas Oil, Natural Gas, Feeder Cattle, Live Cattle, Lean Hogs and Lumber the day-of-the week, the weekend effect, the first and the second...
“Compared to degree days and normal seasonality, a 55 Bcf withdrawal would appear loose by 4.1 Bcf/d,” Wood Mackenzie analyst Eric Fell said. “The report week included a 6 Bcf/d increase in production as South Central freeze-offs lifted and power outages returned after the...
ZHANG Zongyi, XING Wenting, WU Shengli.Research on the natural gas futures pricing based on incomplete market and influences of seasonality[J].Chinese Journal of Management Science, 2016, 24(6):1-9. [29] 王庭斌.中国天然气储产量快速增长的主要因素[J].石油勘探与开发,2009,36(3):290-296. ...
“Friday’s build wasn’t unusual from a seasonality perspective, as six of the last seven years have reported builds for the corresponding week, but this week’s build would represent a material departure from norms of minus 46 Bcf,” the TPH analysts said.Related...
Research on the Natural Gas Futures Pricing Based on Incomplete Market and Influences of Seasonality The futures price is the core element of the futures trading,and also reflects the state of market operation.Reasonable and effective futures price can pla... ZY Zhang,WT Xing,WU Sheng-Li - 《...
No ETF can actually hold natural gas, just nat gas futures. Good for traders, but can erode in value over the long term. E.T.F.'s Daniel Straus N/A Unknown UnlockRating COMMENT Horizons NYMEX Natural Gas(HUN-T)27/10/2017 +Get Signals Seasonality for natural gas is from September ...
It allows us to study overall market performance by analyzing whether the basis varies with nominal interest rates corresponding to different maturities of various futures contracts, and to verify the existence of seasonality in the basis. The remainder of this paper is organized as follows. Section...
Economic activity, seasonality and daily effects are found to be statistical significant, with the daily effects having the largest influence, while oil volatility, changes in temperature, production and storage levels are insignificant. From the results it can be concluded that if the aim of the ...