COM - Natural Gas: Storage Deficit Is Shrinking

September, 24 2021 12:13 PM Direxion Auspice Broad Commodity Strategy

Currently, I expect the EIA to report a build of 89 bcf next week (a final estimate will be released on Wednesday).
I also expect a 26 bcf build in the South-Central region of the United States.
The annual storage deficit is currently projected to shrink by as much as 278 bcf by October 29.
Fundamentally, we are yet to see any real evidence as to why the excessive bullishness over the past five months was even necessary.
Global natural gas prices remain record-high and continue to fuel bullish sentiment in NYMEX Henry Hub futures.

For further details see:

Company Name:	Direxion Auspice Broad Commodity Strategy
Stock Symbol:	COM
Market:	NYSE