BOIL - Downside Pressure To Be Applied To Natural Gas Prices As Forecast Shifts Cooler In The 8-15 Day Time Frame
Investment Thesis
A cooler weather bias across the central and eastern U.S. in the medium range supports the bears looking to sell the rally.
Thursday's EIA inventory report supported the bulls with the first sub-100 BCF injection in weeks
The Energy Information Administration ((EIA)) released its weekly storage report on Thursday morning. The report revealed an inventory build of 98 BCF for the week ending June 21, which fell within the trading range of 90 BCF-113 BCF, but fell slightly below consensus estimates of 101 BCF. The build of 98 BCF for the week ending