Daily Commentaries

Today’s Daily Commentary

Monday, January 29, 2018
Natural Gas Poised To Pull Back After Last Week’s 10% Short Squeeze As Early-February Temperature Forecast Moderates; Gas Trade Now Overcrowded On The Long Side As Shorts Have Exited En Masse; Consecutive Bearish Storage Withdrawals Now Projected For the First Time Since Early December Before Possible February Cooldown



Daily Commentaries For The Last 30 Days:

Friday, January 26, 2018
EIA Reports Second Top-3 All-Time Weekly Natural Gas Storage Withdrawal, But Production Approaching New Highs; Gas Demand To Slump Today As East Warms, Driving Smallest Weekly Inventory Drawdown Since December 7; Arctic Outbreak Still Possible For Early February, But Computer Models Remain Inconsistent


Thursday, January 25, 2018
Natural Gas Tops $3.50/MMBTU For the First Time In Over A Year As Short Squeeze Rages On, Even As Prices Fade Late; EIA Projected To Announce Exceptionally Bullish Weekly Storage Withdrawal For January 6-12 In Today’s Report; Crude Oil Tops $65/Barrel After 10th Straight Inventory Draw, Even As Production Hits New High


Friday, January 19, 2018
Natural Gas Falls From 8-Month High After EIA Reports Smaller-Than-Expected Storage Withdrawal; Top 5 All-Time Withdrawal Projected For This Week Before Sustained January Thaw Arrives Driving Bearish Gas Demand Through Early February; Crude Oil Flat After EIA Reports 9th Straight Drawdown, But Jump In Production


Thursday, January 18, 2018
Natural Gas Squeezes The Shorts As Prices Break Out To New 8-Month High; EIA Projected To Report Neutral-To-Slightly-Bearish Natural Gas Storage Withdrawal In Today’s Report, But Top 10 All-Time Withdrawal Likely Next Week; EIA Forecast To Announce Bullish -5.2 MMbbl Inventory Draw Today, But Headwinds May Increase


Tuesday, January 16, 2018
Natural Gas Poised For A Pullback After 15% Run Last Week As January Thaw Looms; But First, Reinforcing Arctic Blast & Rare Deep South Winter Storm To Drive Above-Average Gas Demand Early This Week & A Third -200 BCF Draw In Four Weeks To Drive Storage Deficit To A 42-Month High


Friday, January 12, 2018
History! Natural Gas Surges 6% After EIA Reports Record -359 BCF Storage Withdrawal; Another Top-10 Storage Withdrawal Increasingly Likely For Next Week As Arctic Air Plunges South; 30-Cent Futures Backwardation Increases Chances Of Pullback…Or Sustained Long-Term Upside…But Guarantees Continued Volatility


Thursday, January 11, 2018
Natural Gas Pulls Back After Tuesday’s Short Squeeze As Temperature Forecast Continues To Flip-Flop; EIA Expected To Announce Historic Withdrawal In Today’s Storage Report; Natural Gas Demand To Fall To 2018-Low Today Before Arctic Air Surges South This Weekend; Season-Ending Inventory Projections Fall Under 1300 BCF


Wednesday, January 10, 2018
Late-Day Short Squeeze Drives 3% Natural Gas Rally As Near-Term Temperature Outlook Cools; Gas Demand To Continue Falling Today As Temperatures Warm Ahead Of Next Arctic Blast; EIA Forecast To Announce Large Crude Oil Inventory Withdrawal As Prices Top 3-Year Highs; Nuclear Outages Rebound While LNG Feedgas Falls


Monday, January 8, 2018
Natural Gas Demand To Tumble This Week As Mild Temperatures Displace Polar Vortex, But Arctic Air To Return Next Week; Natural Gas Season-Ending Inventories Projected To Be The Second Lowest In 5-Years…But Is It Low Enough?


Friday, January 5, 2018
Smaller-Than-Expected Natural Gas Storage Withdrawal Prompts 4% Sell-Off As Impending Warm-Up Also Weighs; Final Arctic Blast To Support Exceptional Demand Today & through The Weekend, Driving First -300 BCF Weekly Storage Withdrawal Before Milder Weather Arrives Next Week; LNG Feedgas Demand Rises To Record


Thursday, January 4, 2018
Let’s Play Two: EIA Projected To Announce Bullish Natural Gas Storage Withdrawal And Near-Average Crude Oil Drawdown In Twin Inventory Reports Today; Gas Demand Holds Steady Today Well Above-Average As Exceptional Nor’Easter Pounds Eastern Seaboard; Natural Gas Pulls Back While Energy Portfolio Climbs To New 52-Week High


Wednesday, January 3, 2018
Natural Gas Rallies For A Fourth Straight Day As Prolonged Arctic Outbreak Rages On, But 4-Year High Backwardation & Upcoming Warm-Up Could Prompt Near-Term Pullback; Natural Gas Demand To Dip Today As Midwest Warms, But Reinforcing Shot Of The “Polar Vortex” Is On The Way As Powerful East Coast Storm Strengthens


Tuesday, January 2, 2018
Natural Gas Spikes As Demand Soars Amidst Brutal, Widespread, & Long-Duration Arctic Outbreak With Record Storage Drawdown Possible This Week; Storage Deficit Projected To Rise To A 3-Year High, Topping -300 BCF This Morning; Caution: Mid-January Warm-Up Still Possible & May Re-Embolden The Bears Limiting Future Gains


Friday, December 29, 2017
Natural Gas Surges More Than 6% As Bears Squeezed On Multiple Fronts; Reinforcing Shot Of Arctic Air To Deliver One Of The Coldest New Years Eves On Record & Possible Record-Setting -300 BCF Natural Gas Storage Withdrawal Next Week; Crude Oil Rises After EIA Reports Bullish Crude Oil Inventory Drawdown


Thursday, December 28, 2017
Natural Gas Rises Nearly 4% As Early January Outlook Trends Colder; EIA Projected To Announce Slightly Bearish -103 BCF Storage Withdrawal & Bullish -6.0 MMbbl Crude Oil Inventory Draw In Today’s Twin Reports; Arctic Air Remains Entrenched Driving Gas Demand To 3-Year High; Cove Point LNG Feedgas Demand Spikes


Tuesday, December 26, 2017
Arctic Air Arrives As Natural Gas Demand Soars To 2017 Highs; Consecutive -200 BCF Weekly Storage Withdrawals Likely With A Top-10 All Time Withdrawal Possible Next Week; Why Is Natural Gas Not Trading At 2013-2014 Levels With Such A Cold Forecast In Place & Growing Storage Deficit?


Friday, December 22, 2017
Natural Gas Falls To A 10-Month Low Despite Bullish EIA Storage Report & Upcoming Arctic Outbreak(s) As Bears Eye Mild 2nd Half Of January; Gas Demand To Finish The Week Near-Average Ahead Of Christmas Arctic Intrusion; Natural Gas Storage Deficit Could Fall To A 3-Year Low By Early January As Arctic Air Sets Up Shop


Thursday, December 21, 2017
Monday’s Natural Gas Rally Wiped Out As Temperature Outlook For The Final Week Of 2017 Trends Warmer; EIA Projected To Announce Bullish -175 BCF Weekly Storage Withdrawal For December 9-15 In Today’s Report; Gas Demand Rebounds As Colder Air Moves Into Northern Plains & Northeast


Tuesday, December 19, 2017
Mother Nature Squeezes The Shorts As Rising Confidence In Sprawling Arctic Outbreak Drives 5% Natural Gas Rally; Gas Demand To Bottom For Remainder Of 2017 Today With Bearish -7 BCF Daily Withdrawal; Demand To Surge This Weekend As Arctic Air Funnels South With Consecutive -200 BCF Weekly Natural Gas Storage Draws Possible


Monday, December 18, 2017
Natural Gas Tumbles To 10-Month Low As Bears Continue To Pile Into The Short Trade; Gas Demand To Fall To Start The Week As Unseasonably Mild Temperatures Dominate Lower 48 Ahead Of Large Arctic Blast Christmas Week, But Forecast Uncertainty Persists


Friday, December 15, 2017
Natural Gas Falters Again After EIA Reports Bearish, But Better-Than-Expected -69 BCF Weekly Withdrawal; Domestic Production Remains Near Record High, But Demand Elements Beginning To Compensate; Gas Demand Rises Today With Heating Season-High Daily Withdrawal; Shake-Up In Latest Natural Gas Storage Contest Rankings


Thursday, December 14, 2017
EIA Projected To Announce Mildly Bearish -65 BCF Natural Gas Storage Withdrawal For December 2-8 In Today’s Report; Natural Gas Rally Falters Wednesday As Outlook Flips Between Seasonally Cold And Arctic Chill For Late December; Oil Falls To 1-Week Low After EIA Reports Large Gasoline Build & New Production Record


Tuesday, December 12, 2017
Natural Gas Rally Falters Amidst Temperature Outlook Oscillation & Inconsistency, But Potential For Late December Chill Increasing; Natural Gas Demand To Climb Today As Midwest Cools; Storage Deficit Versus 5-Year Average Likely To Again Exceed -50 BCF By Tonight As Undervaluation Versus Fair Price Rises


Monday, December 11, 2017
Natural Gas Sees 9% Weekly Loss On Surprise EIA Storage Injection & Warming Trend; Bearish Investor Sentiment Surges To 2017 High, But Could Set Stage For Rally Once Catalyst Arrives; Gas Demand Surges Over The Weekend To Prompt First Projected Bullish Withdrawal In 4 Weeks As Arctic Air Reaches Gulf Coast


Friday, December 8, 2017
Natural Gas Continues Weeklong Meltdown Thursday After EIA Reports Surprise +2 BCF Weekly Storage Injection; Gas Demand To Soar Today As Rare Winter Storm Targets The Gulf Coast, But Won’t Be Enough To Prevent Another Bearish Weekly Withdrawal; Natural Gas Fundamentally Broken, But Still Due For A Near Term Bounce


Thursday, December 7, 2017
EIA Projected To Announce Exceptionally Bearish -6 BCF Natural Gas Storage Draw For December 2-8 In Today’s Report; Gas Demand Surges On Arctic Outbreak With Bullish Daily Withdrawals Likely Through December 16, But Moderating 10-15 Day Outlook Continues To Fuel Sell-Off; Crude Oil Drops 3% On Large Gasoline Build


Tuesday, December 5, 2017
Natural Gas Falls Under $3.00/MMBTU Despite Upcoming Arctic Blast On Long-Term Bearish Bet; Storage Deficit Versus The 5-Year Average To Bottom Today Before Demand Surges On Wednesday; Murphy’s Law In Action: Late-December Forecast Uncertainty Increases, Supporting Monday’s Sell-Off & Continued Volatility


Monday, December 4, 2017
The Times They Are A Changin: Powerful Plains Storm To Usher In Arctic Airmass And Prompt Mid-Week Surge In Natural Gas Demand; Oil Investor Sentiment Reaches 2017 Highs While Natural Gas Sentiment Plumbs Yearly Low; Oil & Natural Gas Portfolio Reaches 2017 High–Help Support Celsius Energy & Gain Premium Access