KOLD - Natural Gas: We Have Started To Close Long Positions

• This Friday, we expect the EIA to report 2,875 bcf of working gas in storage for the week ending January 22.
• We anticipate to see a draw of 134 bcf, which is 36 bcf smaller than a year ago and 40 bcf smaller vs. the five-year average.
• Over the next 30-day period, total natural gas demand is expected to average 127.0 bcf/d, which is 6.3 bcf/d higher than a year ago.
• Short-range weather models agree that TDDs should trend sideways and should generally remain above the norm (on average).
• Our latest SD balance forecast + trading strategy (scroll down to read the last section).

For further details see: