KOLD - Natural Gas Trading: Our Short Bet Has Paid Off What Next?

• This week, we expect the EIA to report a draw of 8 bcf (a final estimate will be released on Wednesday).
• If the latest weather forecast remains unchanged, total natural gas demand should decrease by 5.1 bcf/d y-o-y (on average) over the next two weeks.
• Dry gas production has been declining lately but remains above 90 bcf/d.
• Annual storage deficit is projected to shrink by 17 bcf by April 16.
• Earlier today, we closed our short positions in natgas futures but we are not going long yet.

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