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.

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

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.

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

September Natural Gas Technical Levels:

Resistance: $7.192 and $7.210

Support: $6.58 and $6.532

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 %

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

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

Natural Gas Technical Levels

Support: 6.328 and 5.906

Resistance: 6.958 and 7.210

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.

Natural Gas Technical Levels

Resistance: 6.394 (20 day moving average) and 6.684

Support: 6.031 and 6.00

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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