Archive for March 18th, 2010

U.S. Natural Gas Weekly – 18 March 2010

Working gas in storage fell ONLY 11 Bcf from the previous week. We probably see a new post Lehman low for the natural gas this spring or summer. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range

No Inflation

CPI less food & energy came out at consensus of 0.1%. Chart 1. Consumer Price Index Less Food & Energy MoM

Initial Jobless Claims At 457.000

Initial jobless claims came out at 457.000. The consensus was at 460.000. Chart 1. U.S. Initial Jobless Claims

Route 1200

As I already wrote; looks we are heading towards a breakout. Chart 1. S&P 500

 

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