COM - Natural Gas Market: Storage Deficits Continue To Shrink But Winter Forecast Is A Major Uncertainty

• This Thursday, I expect the EIA to report 3,461 bcf of working gas in storage for the week ending Oct. 15.
• I anticipate seeing a build of 92 bcf, 23 bcf larger vs. the five-year average for this time of the year.
• The weather has been "bearish" for natural gas since mid-September.
• Storage deficits in both Europe and in the U.S. continue to shrink.
• The winter forecast is a major uncertainty. The price can potentially drop as low as $3.500 or rise as high as $6.500.

For further details see: