KOLD - Natural Gas Prices Tumble More Than 1% After Weekly Inventory Build Comes In Stronger Than Expected; Demand Remains Weak

Investment Thesis

After a stronger than expected inventory build combined with easing demand, selling pressure shifted risk to the downside. With no signs of any heat developing across the Lower 48 over the next couple of weeks, downside risk should continue to outweigh upside potential in the days ahead.

Bears take control after a strong inventory build report and weak national demand over the next couple of weeks

The Energy Information Administration ((EIA)) released its weekly storage report on Thursday morning. The report revealed a bearish inventory build of 123 BCF for the week ending