EIA Natural Gas Inventory: +24bcf. Futures -0.05% to $2.93.

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wigit5 Comments (2478)
 
Why is it still going up...
9 Aug 2012, 10:33 AM Reply Like

Chris Bersaw Comments (512)
 
Expectations were for a 30bcf increase in inventories so this result was lower then expected but it doesn't really mean too much since the weather is cooler now then it was last week with cooler temps forecast for next week but so far the market isn't looking ahead.
9 Aug 2012, 10:39 AM Reply Like

wigit5 Comments (2478)
 
Just checked the Hen Hub and futures look to be up now... so maybe just delayed a bit...
9 Aug 2012, 10:44 AM Reply Like

Chris Bersaw Comments (512)
 
Futures gapped higher on the inventory report but it could have been a drop too, this is one market you don't want to chase.
9 Aug 2012, 10:49 AM Reply Like