Nat Gas 12/24 report

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
 
Quote from JPope:
.....expectations......
More...
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.
 
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