Nat Gas 12/24 report

Discussion in 'Commodity Futures' started by JPope, Dec 23, 2009.

  1. JPope


    Any one have what the expectations are for this report tomorrow or know where to get it?
  2. From :

    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
  3. JPope


    Thanks for the post, I will check out that link as well
  4. 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:
  5. +/- 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 #.
  6. JPope


    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?
  7. 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.
  8. RedSun


    We've seen it today. Does it make sense? yes.

    Things can make a U-turn very quickly.
  9. #10     Dec 28, 2009