Thursday, August 30, 2007

Natural Gas Inventory Report 8-30-07

Working gas in storage was 2,969 Bcf as of Friday, August 24, 2007, according to EIA estimates. This represents a net increase of 43 Bcf from the previous week. Stocks were 71 Bcf higher than last year at this time and 315 Bcf above the 5-year average of 2,654 Bcf. In the East Region, stocks were 136 Bcf above the 5-year average following net injections of 44 Bcf. Stocks in the Producing Region were 134 Bcf above the 5-year average of 768 Bcf after a net withdrawal of 2 Bcf. Stocks in the West Region were 45 Bcf above the 5-year average after a net addition of 1 Bcf. At 2,969 Bcf, total working gas is above the 5-year historical range.

Sunday, August 26, 2007

Natural Gas Technical Levels......Week of 8-27-07


Natural Gas Technical Levels

Support: 5.491 and 5.46

Resistance: 5.795 and 5.855

Thursday, August 23, 2007

Natural Gas Inventories......Week Ending August 17, 2007

Working gas in storage was 2,926 Bcf as of Friday, August 17, 2007, according to EIA estimates. This represents a net increase of 23 Bcf from the previous week. Stocks were 77 Bcf higher than last year at this time and 333 Bcf above the 5-year average of 2,593 Bcf. In the East Region, stocks were 137 Bcf above the 5-year average following net injections of 40 Bcf. Stocks in the Producing Region were 146 Bcf above the 5-year average of 758 Bcf after a net withdrawal of 15 Bcf. Stocks in the West Region were 51 Bcf above the 5-year average after a net drawdown of 2 Bcf. At 2,926 Bcf, total working gas is above the 5-year historical range.

Monday, August 20, 2007


Natural gas prices plummeted on Monday as traders focused on positive weather news for Texas based operations.

September natural gas broke through support levels at $6.58 and $6.532.

The next level of support is $5.906

Sunday, August 19, 2007

September Natural Gas Technical Levels:

Resistance: $7.192 and $7.210

Support: $6.58 and $6.532

Thursday, August 16, 2007

Natural Gas Inventory Report 8-16-07

Working gas in storage was 2,903 Bcf as of Friday, August 10, 2007, according to EIA estimates. This represents a net increase of 21 Bcf from the previous week. Stocks were 108 Bcf higher than last year at this time and 371 Bcf above the 5-year average of 2,532 Bcf. In the East Region, stocks were 143 Bcf above the 5-year average following net injections of 29 Bcf. Stocks in the Producing Region were 170 Bcf above the 5-year average of 749 Bcf after a net withdrawal of 13 Bcf. Stocks in the West Region were 58 Bcf above the 5-year average after a net addition of 5 Bcf. At 2,903 Bcf, total working gas is above the 5-year historical range.

EIA Natural Gas Storage Data
Lower 48 (08/10/07): 2,903 Bcf
Lower 48 (08/03/07): 2,882 Bcf
Implied net change: 21 Bcf
Year ago stocks: 2,795 Bcf
5-year avg stocks: 2,532
% dif to 5-yr avg: 14.7 %

Wednesday, August 15, 2007

The XNG Natural Gas Index is currently at 471.40, just below the 200 day moving average of 477.08

Tuesday, August 14, 2007


September Natural Gas closed up 2.16% to $6.940

Natural Gas Technical Levels

Resistance: 7.127 and 7.210

Support: 6.532 and 6.43

Sunday, August 12, 2007



Natural Gas Technical Levels

Support: 6.328 and 5.906

Resistance: 6.958 and 7.210

Thursday, August 09, 2007

Natural Gas Inventory Report 8-09-07

Working gas in storage was 2,882 Bcf as of Friday, August 3, 2007, according to EIA estimates. This represents a net increase of 42 Bcf from the previous week. Stocks were 117 Bcf higher than last year at this time and 407 Bcf above the 5-year average of 2,475 Bcf. In the East Region, stocks were 159 Bcf above the 5-year average following net injections of 33 Bcf. Stocks in the Producing Region were 190 Bcf above the 5-year average of 742 Bcf after a net injection of 4 Bcf. Stocks in the West Region were 58 Bcf above the 5-year average after a net addition of 5 Bcf. At 2,882 Bcf, total working gas is above the 5-year historical range.

Sunday, August 05, 2007

Natural Gas Technical Levels

Resistance: 6.394 (20 day moving average) and 6.684

Support: 6.031 and 6.00

Thursday, August 02, 2007

Working gas in storage was 2,840 Bcf as of Friday, July 27, 2007, according to EIA estimates. This represents a net increase of 77 Bcf from the previous week. Stocks were 68 Bcf higher than last year at this time and 410 Bcf above the 5-year average of 2,430 Bcf. In the East Region, stocks were 165 Bcf above the 5-year average following net injections of 56 Bcf. Stocks in the Producing Region were 187 Bcf above the 5-year average of 741 Bcf after a net injection of 16 Bcf. Stocks in the West Region were 59 Bcf above the 5-year average after a net addition of 5 Bcf. At 2,840 Bcf, total working gas is above the 5-year historical range.

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