Natural gas futures $3.00 stop run failed again last week. EIA reported a natural gas storage build of +96 Bcf last week. Pipeline explosions join heat and storms are in the vernacular now.
Natural gas futures failed at $3.00 again, when does this range break? The EIA reported a natural gas storage build of +96 Bcf last week. Pipeline explosions join heat and storms are in the vernacular now.
From here weather models are key on the longevity of the heating season. The focus will continue to Sabine Pass and Mexico in time. Technically the weekly support $2.522 is the .618 retracement of the move up from $1.611 to $3.994. For Fiboancci fans $3.50 is the .618 retracement of the move down from $3.994 to $2.522. KnovaWave notes the confluence of technicals, fundamental and herd or wave psychology. In natural gas the Marcellus break-even is $2.50 and $3.50 is the Haynesville break-even. Both those levels were also impulse exhaustions.
EIA’s Weekly Gas Storage Report Report Date: 6/7/18
- Via TradersCommunity.com
- Release Time: Thursday June 14 2018 10:30 ET
Market Expectations
- Actual +96 Bcf Prior +92 Bcf
- Consensus Forecast +89 Bcf
- Cons. Range: +85 to +97 Bcf
- EIA swap: +90 to +90 @ CT 15.13
Last Week’s Report +96 Bcf #TCNG
Natural Gas Futures Committment of Traders (COT) via RonH Data @ronh999
Bentek Models
Bentek Models
- Bentek S/D Model: + Bcf
- Bentek Flow Model: + Bcf
Natural Gas Storage Forecasts
Surveys
- Bloomberg Survey +87
- DJ Survey +
- Reuters Survey +91
- Platts Survey +
Banks and Brokers
- Tim Evans Citigroup +
- Macquarie +
- Raymond James +
- TFS +
Analysts
- AgWxMan +88
- Gabe Harris +
- Genscape +97
- Kidduff Report +
- Shura Li – Pira +
- Peter Marrin – SNL +
- Norse +
- Andrea Paltry +92
- Point Logic +
- Robry825 +
- Schneider Electric +
- Donnie Sharp Huntsville +
- Trade Mechanics +90
- Andy Wiessman +
The Fundamental Angle with Brynne Kelly @BrynneKKelly
It’s never about a single Inventory report. It’s the accumulation of Inventory reports that expose reality…. @BrynneKKelly
RonH Data with @ronh999
Natgas inventory for the week
Key Pipeline Flows and Receipts – Incl Rover and Sabine – check daily with Ron @ronh999
Nuclear Output – check daily with Ron @ronh999
Current Storage Level vs. Last Year; 5-Yr
- Current Storage Level: 1,817 Bcf
- Storage 2016/Same Week: 2616
- 5Yr Avg/Same Week: 2329
Sources: TradersCommunity Research
From the Traders Community News Desk