COM - U.S. Natural Gas Market: I Have Closed My Short Positions

February, 09 2022 11:27 AM Direxion Auspice Broad Commodity Strategy

This Thursday, I expect the EIA to report 2,101 bcf of working gas in storage for the week ending Feb. 4.
I anticipate seeing a draw of 222 bcf, 72 bcf larger vs. the five-year average for this time of the year.
Dry gas production has recovered to 93.7 bcf/d.
Over the next 30-day period, total natural gas demand (consumption + exports) is expected to average 113 bcf/d (4.5 bcf/d less than a year ago).
I have closed my short positions in Mar. and April contracts. I will now be looking for opportunities to buy the dips in summer contracts. See the list of executed trades below.

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Company Name:	Direxion Auspice Broad Commodity Strategy
Stock Symbol:	COM
Market:	NYSE