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Currently, we expect the EIA to report a draw of 125 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 369 bcf by January 15. Our storage level outlook is still very bullish vs. market expectations (see detailed table ...
This Thursday, we expect the EIA to report 3,853 bcf of working gas in storage for the week ending December 4. We anticipate to see a draw of 86 bcf, which is 29 bcf larger than a year ago and 25 bcf larger vs. the 5-year average. Annual storage surplus is projected to shrink by 2...
The market is spooked by warm weather and seems to believe that there is a dangerous oversupply, which needs to be eliminated. In fact, there is no oversupply in the market right now and storage surpluses are actually projected to shrink. Indeed, if the latest extended-range weath...
U.S. natural gas (NG1:COM) for January delivery is now trading below February prices, as near-term forecasts for colder weather are scaled back, with temperatures expected above normal in much of the U.S. midwest and parts of the northeast in mid-December.In recent trade, Nymex gas for Januar...
This Wednesday, we expect the EIA to report 3,935 bcf of working gas in storage for the week ending November 27. We anticipate to see a draw of 5 bcf, which is 17 bcf smaller than a year ago and 36 bcf smaller vs. the 5-year average. Annual storage surplus is projected to shrink b...
The share of total electricity supplied by natural gas-fired power plants remains significant, but renewables are growing very fast. The total stock of coal-fired power plants will decrease to 216.4 GW (just 19.7% of total capacity). The monthly net impact of non-degree-day factor...
Currently, we expect the EIA to report a draw of 5 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 224 bcf by January 1. Weather-neutral supply-demand balance is bullish (vs. 2019), but January contract price is alre...
This Wednesday, we expect the EIA to report 3,932 bcf of working gas in storage for the week ending November 20. We anticipate to see a draw of 26 bcf, which is 21 bcf smaller than a year ago and 11 bcf smaller vs. the 5-year average. Annual storage surplus is projected to shrink ...
Currently, we expect the EIA to report a draw of 30 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 84 bcf by December 25. There seems to be a bullish divergence between the value of the forward curve and the latest ...
This Thursday, we expect the EIA to report 3,945 bcf of working gas in storage for the week ending November 13. We anticipate to see a build of 18 bcf, which is 84 bcf larger than a year ago and 42 bcf larger vs. the 5-year average. Annual storage surplus is projected to shrink by...
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2024-07-21 12:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-01 10:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-11 13:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...