Another cold snap? Natural gas +3%


It's another big day in the natty pits ahead of the EIA storage report, with consensus estimating a record draw of 299 billion cubic feet pulled amid early January's polar vortex freeze.

Meanwhile, MDA Weather Services is calling for another brutal cold snap in its 11-15 day forecast.

UNG +3%

ETFs: UNG, UGAZ, GAZ, BOIL, DGAZ, UNL, KOLD, NAGS, GASZ, DCNG

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Comments (1)
  • Prudence Capital
    , contributor
    Comment (1) | Send Message
     
    Nice run-up to the inventory number. I would expect a sharp plunge at announcement if the inventory draw does not exceed expectations by a significant margin.
    16 Jan 2014, 12:08 PM Reply Like
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