Natural Gas Storage Report for Week Ending October 31, 2014

Phillip T. Golden
Director of Product and Risk Management

Today’s report marks the end of the traditional injection season. Another injection above market expectations and a strong refill of natural gas storage should create some level of comfort heading into what is already looking like another cold winter. Although today’s report is classified is bearish, the market appears to have settled into a relatively tight range of being down between 2-5 cents/MMBtu through this coming winter. EMEX continues to counsel clients to take winter risk off the table when opportunity presents itself and EMEX encourages its partners to reach out to any customer who’s contract is ending in 6 months or less to review their options.

Natural Gas Storage 31

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Natural Gas Storage Report for Week Ending October 24, 2014

Phillip T. Golden
Director of Product and Risk Management

The November natural gas contract closed up yesterday, rallying to $3.728/MMBtu, which represented a decline of 7.5% since the November 2014 natural gas contract became the prompt month contract on September 26th. With mercury falling as we move towards winter, however, the market is poised for a rally, meaning that clients need to be ready to take advantage of market dips as they occur.

Natural Gas Thirty Weeks

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Natural Gas Storage Report for Week Ending October 17, 2014

Phillip T. Golden
Director of Product and Risk Management

EMEX ANALYSIS: The EIA reported an injection of 94 BCF vs market expectations of 96-98 BCF for the past week. This bullish report immediately turned the gas market from a down roughly $0.04/MMBtu to up almost $0.02/MMBtu, which is a mildly bullish move. While the market broke through a resistance point earlier this week, the bullish injection numbers could re-establish this floor, especially if the weather projections turn cooler for the weekend and going forward. 

Natural Gas Twentynine Weeks
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