Thursday, September 5, 2013

Ahead of Today's Natural Gas Inventory Report

Yesterday's high was $3.699, the kind of thing that used to make the old-timers hyper-aware: not being able to clear round number $3.70) resistance. Nowadays the 'puter show no fear. $3.6850 last.

Platts is calling for a build of 53 billion to 57 billion cubic feet vs. last year's 33Bcf.
This is one of the odder charts we've had this year, if it had been on higher volume I'd say it was nervous but the number of contracts changing hands is below the 3 month average so it's just indecisive.
More to come.
From FinViz: