Discussion in 'Commodity Futures' started by JPope, Dec 23, 2009.
Any one have what the expectations are for this report tomorrow or know where to get it?
From Zmansenergybrain.com :
Early Read On Natural Gas Storage: The Street is at 172 Bcf.
Last Week: 207 Bcf withdrawal
Last Year: 144 Bcf withdrawal
5 Year Average: 126 Bcf withdrawal
10 year Hi: 46 Bcf withdrawal
10 year Low: 167 Bcf withdrawal
Thanks for the post, I will check out that link as well
There can be "excessive" volatility after the release of the report because of a smaller than usual trader population in the market. Tread/trade carefully. :eek:
+/- 175 draw is what we are seeing, good draw out of east, not as stout of a draw in prod region.
like nazz said, thin trader population today will likely cause excessive vol after #.
Sure didn't look ready to roll over after recovering the last couple days, I suppose it depends on the number but a run to 6.10-6.20 looks plausible...Any else have a skew going in?
I certainly think we are in a buy-dip mode as long as weather holds up, which it is so far. I have a large target at $6.72. Serious cold shot post new years, if we come back on Monday and it is still there, I cannot see how we don't continue to rally. Biggest risk for length here is a weather shift over the weekend in the forecasts.
We've seen it today. Does it make sense? yes.
Things can make a U-turn very quickly.
Which service do you guys use for your weather predictions?
I'd like to see something like this:
http://blog.commodityweather.com/com_wp/wp-content/uploads/image/US min t.jpg
This one is probably the most popular among Energy Funds. www.wsi.com
You can try www.accuweather.com if you like.
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