natural gas

natural gas

Thursday, January 22, 2015

Natural Gas Corner - Market Update

Today's EIA storage report could be a volatile event for the natural gas market.

Analysts' pre-report estimates are generally above 200 Bcf but have a fairly wide variance of between 50 Bcf between estimates of 200-250.

The market has firmed on cold weather news but has been unable to sustain upside strength which is a bearish indicator.

If today's EIA storage report comes in near the lower end of estimates, the market could be ready for another volatile downside price break.

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