U.S. Natural Gas Weekly – October 21, 2010
(For The Week Ending October 15, 2010)
Working gas in storage rose 93 Bcf from previous week. Consensus was at 88 Bcf.
Storage just keeps on rising futures more and more oversold. It has to end at some time…
Chart 1. Natural Gas Futures
Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Chart 3. Natural Gas Futures Curve