Hi Ceejay,
Had to work to get this together !! Maybe delayed due to Holiday w/e ??
Couldn't find the Platts estimates that I found last 2 weeks.
But here is:
July 6 inventory build estimate
http://online.wsj.com/article/BT-CO-20110706-709533.html
EIA is expected to report that 81 billion cubic feet of natural gas
was added to storage during the week ended July 1, according to the average
prediction of 18 natural-gas analysts and traders in a Dow Jones Newswires
survey.
The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EDT.
The survey's median result was a 81-bcf build, with estimates ranging from a 69-
bcf injection to an 88-bcf build.
Last year, 76 bcf was injected into storage. The five-year average build for the
week is 80 bcf.
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second wsj article July 6
http://online.wsj.com/article/BT-CO-20110706-712260.html
Has weather discussion +++
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My "Guestimate" was 81 to 87, but just to be different ??, I have settled on 87. So, we will see !!!
Observe that price was down today as well.
We are getting close to tagging that 4.2 support line that Wayne and I kicked around the other day.
See the chart he posted (maybe was Sunday night).
I think you were expecting a number closer to 70 for the build, but that was a comment you made
at least a week ago.
Any comment on the current tropical storm in the Gulf?? I just saw something on it but did not look into it.
Anyway,
Happy Trading,
Lee