- This Thursday, we expect the EIA to report 3,198 bcf of working gas in storage for the week ending January 8.
- We anticipate to see a draw of 132 bcf, which is 41 bcf larger than a year ago but 29 bcf smaller vs. the five-year average.
- Over the next 30-day period, total natural gas demand is expected to average 126.6 bcf/d, which is 3.4 bcf/d higher than a year ago.
- Short-range weather models are bullish on the back-end, but there is disagreement in terms of scale (ECMWF is less bullish than the GFS).
- Our latest SD balance forecast + trading strategy (scroll down to read the last section).
For further details see:
Natural Gas: Waiting To Sell The Rally And Hoping To Buy The Dip