Gas inventories are up 78 bcf, in line with market expectations (previous increase of 54 bcf). The increase is in line with the 5-year average, showing that demand has not fallen sharply and that higher exports are offsetting high supply.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appNo surprise from the gas inventories data. Gas bounces back after the reading and heads to resistance at $2.23/MMBTU. Source: EIA
Gas tries on a test of the 2.23 level after the release of inventories, which fell in line with the 5-year average. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
