First up, the estimates going into the report from FX Empire:
...A consensus of analysts is calling for a 120 billion draw during the week-ending December 11 in this week’s EIA storage report. This is potentially larger-than-normal.
Natural Gas intelligence (NGI) is reporting that a Bloomberg survey of analysts produced a withdrawal range from 105 Bcf to 138 Bcf, with a median of 119 Bcf. A Wall Street Journal poll had the same results, while a Reuters poll produced a median draw of 120 bcf. NGI projected a 133 Bcf draw.
The estimates compare with the 97 Bcf decrease the EIA recorded in the similar week last year, while the five-year average decline for that week stands at 105 Bcf....
And the release from the Energy Information Administration:
Working gas in storage was 3,726 Bcf as of Friday, December 11, 2020, according to EIA estimates. This represents a net decrease of 122 Bcf from the previous week. Stocks were 284 Bcf higher than last year at this time and 243 Bcf above the five-year average of 3,483 Bcf. At 3,726 Bcf, total working gas is within the five-year historical range....MORE
Finally, the price action over the last week (30-minute candles) from the CME:
