Global Macro Perspectives
(For The Week Ending October 22, 2010) Working gas in storage rose 71 Bcf from previous week. Consensus was at 73 Bcf. Storage just keeps on rising futures more and more oversold. Long. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
(For The Week Ending October 22, 2010) Crude oil stocks rose 5.0 million barrels; Gasoline stocks were down 4.4 million barrels; Distillate stocks were down 1.6 million barrels; Propane/propylene stocks rose 0.7 million barrels; Other oils stocks rose 0.5 million barrels; Total crude oil and petroleum stocks were 0.6 million barrels higher than the week […]
(For The Week Ending October 23, 2010) Initial jobless claims in the U.S. were reported at 434.000. The consensus was at 455.000, last week revised (up 3.000) reading was at 455.000. Again moving lover, we will see if it holds. Chart 1. U.S. Initial Jobless Claims