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Re: None

Thursday, 09/15/2016 11:06:49 AM

Thursday, September 15, 2016 11:06:49 AM

Post# of 25303
What is and will continue to support NG price is the steady drop in the amount of NG in storage compared to last yr and more importantly the 5 yr average. This means that for any given weather hot cold or mild NG demand has/is increasing versus NG supply/production. NG report today was 62bcf lower build compared to 72 bcf this time last yr and 5 yr of 69 bcf. This has been the trend for the last year. It is just now becoming glaringly obvious to more and more NG traders. Storage is now only 5.3% higher than last yr at this time and 8.6% above the 5 yr average.

A year ago this time NG was more than 50% above the 5 yr average. This shoulder season is about Buy the Dip. The trading range is tightening as lows move higher and the resistance is at $3.



The breakout above $3 will be fueled by the storage levels dropping below the 5 yr average or the anticipation of.