EIA Natural Gas Storage Outlook

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  • #19535
    TradersCom
    Keymaster

    The EIA reported a draw of -87 Bcf…

    [article]1291[/article]

    #19549
    TradersCom
    Keymaster

    Natural Gas Futures Now Up 38.3 c or 12.36% early morning on PolarVortex weather – If ever traders get it all wrong and complacent it’s on natgas hence these so called ‘surprise moves’ No Risk fear over and over again #natgasCompacency

    #19551
    TradersCom
    Keymaster

    Initial natgas Limit-ups today:

    G $3.599
    H $3.445

    #19589
    TradersCom
    Keymaster

    Summary

    Working gas in storage was 2,533 Bcf as of Friday, January 11, 2019, according to EIA estimates. This represents a net decrease of 81 Bcf from the previous week. Stocks were 77 Bcf less than last year at this time and 327 Bcf below the five-year average of 2,860 Bcf. At 2,533 Bcf, total working gas is within the five-year historical range.

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