Natural Gas Fundamental Analysis January 11, 2013 Forecast

Analysis and Recommendations:

Natural Gas climbed a few pips after today’s EIA report. NG climbed to trade at 3.135. The EIA reports showed a larger than expected decrease in inventory. Working gas in storage was 3,316 Bcf as of Friday, January 4, 2013, according to EIA estimates. This represents a net decline of 201 Bcf from the previous week. Stocks were 88 Bcf less than last year at this time and 320 Bcf above the 5-year average of 2,996 Bcf. In the East Region, stocks were 93 Bcf above the 5-year average following net withdrawals of 113 Bcf. Stocks in the Producing Region were 156 Bcf above the 5-year average of 996 Bcf after a net withdrawal of 61 Bcf. Stocks in the West Region were 71 Bcf above the 5-year average after a net drawdown of 27 Bcf. At 3,316 Bcf, total working gas is within the 5-year historical range.

Natural gas continues to trade at the bottom as residential demand falls as warmer weather reduces demand.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

Economic Data January 10, 2012 actual v. forecast

 

WEEKLY

• Natural Gas Weekly Update
  Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
• Weekly Natural Gas Storage Report
  Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)

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