COM - U.S. Natural Gas Market: I Am Carefully Long January Contract

• This Thursday, I expect the EIA to report 3,412 bcf of working gas in storage for the week ending Dec. 10.
• I anticipate seeing a draw of 93 bcf, 21 bcf smaller vs. the five-year average for this time of the year.
• Fundamentally, there is no explicit shortage of natural gas in the U.S.
• However, rising consumption and record-high European prices provide a bullish impetus.
• I am long January contract from $3.729. My position is under a "trailing take-profit".

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