U.S. Natural Gas Weekly – August 26, 2010

(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 year and we could see some production downfalls.

Chart 1. Natural Gas Futures

Source: StockCharts.com

Chart 2. Working Gas in Underground Storage Compared with 5 Year Average

Source: EIA

This entry was posted on Thursday, August 26th, 2010 at 10:58 am and is filed under Commodities, U.S. Natural Gas Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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