EIA Natural Gas Change (cubic feet):
- Actual -93 bn
- Forecast -98 bn
- Previous -125 bn
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Open real account TRY DEMO Download mobile app Download mobile appThe NATGAS contract hit the 30-day EMA (light purple) following the lower than expected change. The reading came in significatly lower that a five-year everage for the week (-127 BCF), thus forcing the commodity to further give up its most recent gains. The temperature outlook for the upcoming week remians elevated realtive to the past years averages.
Source: xStation5
Source: NOAA
