U.S. Natural Gas Weekly – August 26, 2010

August 26th, 2010 by Belisarius

(For The Week Ending August 20, 2010)

Working gas in storage rose 40 Bcf from previous week. The price has fallen a lot, given macro-economic data we could see more downside, but I will follow this carefully as I thing great opportunity is developing here.

The storage before winter will not be so high as last year and we could see some production downfalls.

Chart 1. Natural Gas Futures

Source: StockCharts.com

Chart 2. Working Gas in Underground Storage Compared with 5 Year Average

Source: EIA

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