Global Macro Perspectives
Working gas in storage rose 73 Bcf from previous week. With this report the storage broke out of 5 year range. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Working gas in storage rose 87 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Working gas in storage rose 31 Bcf from previous week. Price rebounded on oversold conditions/short squeeze and again returned to downward path. Marginal costs of natural gas production is approximately 4 USD/MMBtu on average, so I would look this price as an equilibrium price and trade accordingly. Chart 1. Natural Gas Futures Chart 2. Working […]
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 Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures […]
Working gas in storage rose 11 Bcf from previous week. Price vise the natural gas futures are getting heavily oversold. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
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
Working gas in storage fell 111 Bcf from the previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 116 Bcf from the previous week. It is almost certain now that the stockpiles are not depleted enough to balance the market this year. Apparently we will have another difficult year for natural gas price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year […]
Working gas in storage fell 172 Bcf from the previous week. Cold weather is helping the stockpiles draw, but the spring is nearing fast. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 190 Bcf from the previous week. Cold weather is helping the stockpiles draw, but we are still above both last year and 5 year average levels. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 191 Bcf from the previous week. Cold weather is helping the price, but I’m still indecisive if the winter draw will be strong enough to clear the stockpiles for a summer filling. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 115 Bcf from the previous week. Natural gas is holding well through today sell of. Enigma to me why… Without few cold weeks the end of winter stockpiles could be higher than last year, which means another tough year for the natural gas markets. Chart 1. Natural Gas Futures Chart […]
Working gas in storage fell 86 Bcf from the previous week. Somewhat disappointing draw, the futures price declined more with all energy commodities than because of fundamentals. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 245 Bcf from the previous week. In the strange twist of events we are coming from storage being 100% full to possibly empty storage at the end of the winter.From fundamental side a even more compelling long. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared […]
Working gas in storage fell 266 Bcf from the previous week. The cold weather depletes stocks at a surprising rate. An interesting situation, potential long opportunity. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range