U.S. Natural Gas Weekly – 21 January 2010

Working gas in storage fell 245 Bcf from the previous week. In the strange twist of events we are coming from storage being 100% full to possibly empty storage at the end of the winter.From fundamental side a even more compelling long.

Chart 1. Natural Gas Futures

Source: StockCharts.com

Chart 2. Working Gas in Underground Storage Compared with 5-year Range

Source: EIA

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