COM - U.S. Natural Gas Market: Stressful Week

March, 09 2022 09:12 AM Direxion Auspice Broad Commodity Strategy

This Thursday, I expect the EIA to report 1,528 bcf of working gas in storage for the week ending Mar. 4.
I anticipate seeing a draw of 115 bcf, 26 bcf larger vs. the five-year average for this time of the year.
The latest numerical weather prediction models agree that over the next 15 days, TDDs will be trending lower and will drop below the norm on Mar. 14.
Over the next 30-day period, total natural gas demand is expected to average 99.9 bcf/d, 2.2 bcf/d more than a year ago.
The annual storage deficit is currently projected to expand by 26 bcf by Apr. 1.

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