COM - Natural Gas Trading: Looser Balance Over The Next 2 Weeks

• This Thursday, I expect the EIA to report 2,814 bcf of working gas in storage for the week ending August 13.
• I anticipate seeing a build of 38 bcf, 4 bcf larger vs. the five-year average for this time of the year.
• The annual storage deficit is currently projected to shrink by 4 bcf by September 17.
• The latest numerical weather prediction models agree that TTDs should stay mostly above the norm.
• Over the next two weeks, the total balance should be slightly looser vs. a year ago at around +1.7 bcf/d y-o-y.

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