Global Macro Perspectives
Working gas in storage fell 153 Bcf from the previous week. We almost returned inside the 5 year average, supportive to natural gas price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 124 Bcf from the previous week. Similar as with crude oil rate of decrease in stock is falling. I would say a revisit to the lower end of trading range is quite possible. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 166 Bcf from the previous week. Natural gas futures are stuck with resistance despite natural gas stock figures were affirmative for the commodity price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Working gas in storage fell 207 Bcf from the previous week. Similar as with crude oil stocks this is a clear support to the natural gas price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range
First big draw happened one week later than I thought. Natural gas in storage fell 64 Bcf. UNG is trading up 7.7%. Chart 1. Natural Gas Futures (Weekly) Chart 2. Working Gas in Underground Storage Compared with 5-year Range
Natural gas in storage rose 2 billion cubic feet in the latest week. No draw I speculated about in the UNG post. Closed the UNG postition at small loss. Chart 1. Working Gas in Underground Storage Compared with 5-year Range