Global Macro Perspectives
(For The Week Ending September 3, 2010) Working gas in storage rose 58 Bcf from previous week. Consensus was at 57 Bcf. My stance is unchanged from previous week: “Stockpiling will be higher in the following weeks (because of mild temperatures) so the overall supply/demand balance for the coming months will be better then last year, but […]
Equities Economic data released in recent month or so is on a absolute and relative basis weak. The difference from July is that the consensus has moved downwards, so the markets focuses on comparing actual data with consensus and disregarding absolute levels. But we are here to earn some money, not waste our time on […]
(For The Week Ending August 27, 2010) Working gas in storage rose 54 Bcf from previous week. Consensus was at 55 Bcf. Stockpiling will be higher in the following weeks (mild temperatures) so the supply/demand balance will be better then last year, but altogether bad. This points that we have only technical factors on our side, […]
(For The Week Ending August 20, 2010) Working gas in storage rose 40 Bcf from previous week. The price has fallen a lot, given macro-economic data we could see more downside, but I will follow this carefully as I thing great opportunity is developing here. The storage before winter will not be so high as last […]
Working gas in storage rose 27 Bcf from previous week. Consensus was at 31 Bcf. Additions to storage are slowing down and the total storage is getting more and more closer to the pre-crisis averages. Very, very interesting… Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. […]
Working gas in storage rose 37 Bcf from previous week. Consensus was at 36 Bcf. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Working gas in storage rose 29 Bcf from previous week. Definitely getting more and more interesting… Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Equities Economic data released in recent month or so is dominated by bellow consensus readings and on absolute level pointing to only marginal and slowing growth. Consumer demand proxies point to deceasing level of consumer demand. Unemployment is high and it is not falling. The government stimulus is wearing off. But the market is rising despite all of that […]
Working gas in storage rose 51 Bcf from previous week. Consensus was at 51 Bcf. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Working gas in storage rose 78 Bcf from previous week. Right at the consensus; price jumped 6%. Confused. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Working gas in storage rose 78 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Almost unchanged from June. Equities Only extremely favorable economic data could change the negative trend established. This is highly unlikely. So I would say we will soon see S&P 500 at 875. On a macro level, the stimulus is wearing off, politicians and central bankers are not ready to continue with loose fiscal an monetary policies, just the opposite, austerity is the game. […]
Working gas in storage rose 60 Bcf from previous week. Supply weakening. This could get very interesting soon. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Working gas in storage rose 81 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 87 Bcf from previous week. Supply still strong. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve