Sunday, June 25, 2017 4:40:12 PM
notice....dates
Natural gas prices fell 3.56% this week.
broken below 50/200 MA.....not good
price is not 2.93....but.... 2.921
Natural gas price weakness can also be observed across the STRIP with summer month gas prices below $3/MMBtu.
Here are some relevant statistics for market participants to follow:
-----
June 2016 month-to-date (June 1 to June 23) power burn – 32.5 Bcf/d.
June 2017 month-to-date (June 1 to June 23) power burn – 29.1 Bcf/d.
Delta – (3.4) Bcf/d.
-----
June 2016 month-to-date (June 1 to June 23) total gas demand – 70.6 Bcf/d.
June 2017 month-to-date (June 1 to June 23) total gas demand – 68 Bcf/d.
Delta – (2.5) Bcf/d.
-----
June 2016 month-to-date (June 1 to June 23) total gas supplies – 77.6 Bcf/d.
June 2017 month-to-date (June 1 to June 23) total gas supplies – 77.3 Bcf/d.
Delta – (0.3) Bcf/d.
-----
June 2016 month-to-date (June 2 week to June 23 week) total storage build – 240 Bcf.
June 2017 month-to-date (June 2 week to June 23 week) total storage build – 302 Bcf (includes our estimate of June 23 week of 57 Bcf).
Delta – 62 Bcf.
with all this bearish forecasts by those that know....it could gap UP in morning.....just to screw with you
https://seekingalpha.com/article/4083705-weekly-natural-gas-recap-bearish-weather-pushes-prices-lower
cc
which ever way the HERD goes....GO the other way
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
