GAZB - Natural Gas: We Have Started To Add Long Positions
- This Friday, we expect the EIA to report 3,007 bcf of working gas in storage for the week ending January 15.
- We anticipate to see a draw of 189 bcf, which is 92 bcf larger than a year ago and 22 bcf larger vs. the five-year average.
- Over the next 30-day period, total natural gas demand is expected to average 125.7 bcf/d, which is 3.6 bcf/d higher than a year ago.
- Short-range weather models agree that TDDs should trend sideways and should generally remain below the norm (on average).
- Our latest SD balance forecast + trading strategy (scroll down to read the last section).
For further details see:
Natural Gas: We Have Started To Add Long Positions