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The EIA releases it's weekly natural gas storage report at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week the market is expecting a large draw. Natural gas hub futures have been volatile as 2018 draws near.

Natural gas futures has been 'gappy' over Christmas with year end adjustments and continued dissappointment volaltilty with the Artic ridge weather pattern. There are two camps extreme cold is coming and bears banking on Northeast production setting record highs pressuring prices on hints of polar weather delays. For upside risk it would take model shifts squeezing large shorts bets combined with Cheniere Train 4 as LNG feedgas demand and exports to Mexico continue near all-time highs. All eyes on weather models heading into 2018.

EIA's Weekly Gas Storage Report Report Date: 12/21/17

  • Via TradersCommunity.com
  • Release TimeThursday December 28 2017 10:30 ET

Market Expectations

  • Actual  -  112 Bcf  Prior   -182 Bcf
  • Consensus Forecast  -114 Bcf
  • Cons. Range: -104 to -129 Bcf
  • EIA swap: -115 to -116 @ CT 15.13

Last Week's Report -182 Bcf #TCNG

 EIA Storage Report

Lower 48 Temps 10 20

NG Mexican Exports 9 20 17

NG Canadian Flows 9 20 17

Source: Criterion Research

We Will Be Back With Our Full Report After The Holidays

Happy New Year & All The Best for 2018.

Bentek

  • Bentek S/D Model: -   Bcf
  • Bentek Flow Model: -  Bcf

Analysts Draw Forecasts

      • Bloomberg Survey -  Bcf
      • DJ Survey -  Bcf
      • Reuters Survey  -  Bcf 
      • Bentek Flow  -  Bcf
      • Bentek S/D  -   Bcf
      • Gabe Harris  -  Bcf
      • Genscape  -   Bcf
      • Andy Wiessman  - Bcf
      • Criterion - Bcf
      • Robry  -  Bcf
      • Shuya Li Pira -   Bcf
      • Peter Marrin SNL - Bcf
      • Point Logic -  Bcf
      • Kidduff Report  - Bcf
      • Schneider Electric - Bcf
      • Donnie Sharp Huntsville -  Bcf
      • TFS -  Bcf
      • Macquarie - Bcf
      • Raymond James -  Bcf
      • Tim Evans Citi  -  Bcf

 

The Fundamental Edge with @BrynneKKelly

 

 

Current Storage Level vs. Last Year; 5-Yr

  • Current Storage Level: 3,444 Bcf
  • Storage 2016/Same Week: 3627
  • 5Yr Avg/Same Week: 3528 

EIA NG Storage Range 10 11 17

Further Energy Analysis: Criterion Research

Sources: TradersCommunity Research, Criterion Research

From the Traders Community News Desk

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