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COM - Natural Gas: No Evidence Of Undersupply (Thus Far)
September, 29 2021 10:10 AM
Direxion Auspice Broad Commodity Strategy
This Thursday, I expect the EIA to report 3,172 bcf of working gas in storage for the week ending Sep. 24. I anticipate seeing a build of 90 bcf, 18 bcf larger vs. the five-year average for this time of the year. The annual storage deficit is moderating fast. The latest short-range weather models agree that TTDs should stay below the norm. During the next two weeks, the total balance should be looser vs. a year ago at around +9.4 bcf/d y-o-y. For further details see:
Natural Gas: No Evidence Of Undersupply (Thus Far)
Stock Information
Company Name:
Direxion Auspice Broad Commodity Strategy
Stock Symbol:
COM
Market:
NYSE
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