KOLD - Natural Gas: The Outlook Is Bullish But Uncertain

• This Wednesday, we expect the EIA to report 3,935 bcf of working gas in storage for the week ending November 27.
• We anticipate to see a draw of 5 bcf, which is 17 bcf smaller than a year ago and 36 bcf smaller vs. the 5-year average.
• Annual storage surplus is projected to shrink by 248 bcf by January 1.
• TDDs are generally projected to trend higher and remain above last year's level.
• Our latest SD balance forecast (scroll down to see the last chart).

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