U.S. Natural Gas Weekly – 1 April 2010

April 1st, 2010 by Belisarius

Working gas in storage rose 12 Bcf from previous week. The speculative futures short positions reached all time high last week, massive short squeeze in making. The question is only at which price.

Chart 1. Natural Gas Futures

Source: StockCharts.com

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

Source: EIA

Chart 3. Natural Gas Futures Curve

Source: Bloomberg


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