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[littlejohn]

02/23/24, red line for current natural gas

in storage above the other four

trend lines isn't what you want to

see on chart in link...

https://en.macromicro.me/charts/39418/natural-gas-inventory-five-year-inventory

Low tide for nat gas demand due

to start in late March,

and inventory usually starts moving

back to injection or build phase...

And the bounce back on nat gas prices

came for that April build time...

A reason that the bounce may struggle

to hold even with recent company

production reductions announced...

Oil well drilling has been showing a

small uptick for each week recently

for rigs because oil price has been

propped up during weak demand...

Oil drilling still bringing on nat gas

production mutes some of the bigger

nat gas company retreats...

So we watch...LJ