Friday, January 3, 2020

EIA Weekly Natural Gas Storage Report, January 3, 2019

First up, the expectations via FX Empire:
...Looking ahead to today’s EIA weekly storage report, traders are estimating a 65 billion cubic feet draw.
Bloomberg analysts are forecasting a median expectation for a 63 Bcf withdrawal, with predictions ranging from minus 44 Bcf to minus 76 Bcf. Reuters analysts estimate a consensus 57 Bcf pull, with forecasts from minus 25 Bcf to minus 70 Bcf. NGI’s model predicted a withdrawal of 49 Bcf....
And from the Energy Information Administration:
for week ending December 27, 2019   |   Released: January 3, 2020 at 10:30 a.m.
Summary
Working gas in storage was 3,192 Bcf as of Friday, December 27, 2019, according to EIA estimates. This represents a net decrease of 58 Bcf from the previous week. Stocks were 484 Bcf higher than last year at this time and 38 Bcf below the five-year average of 3,230 Bcf. At 3,192 Bcf, total working gas is within the five-year historical range....
....MORE  
Finally, from the CME:
https://www.tradingview.com/x/IAZmv9g5/ 
February futures $2.128  +0.006 after dippin a few cents ahead of the report.
There will be no EIA weekly update this afternoon, they'll be back on the 9th.