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Daily Commentaries

Today's Daily Commentary

Friday, August 16, 2019
Natural Gas Squeezes The Shorts After The EIA Reports Second Straight Smaller-Than-Expected Injection--But Multi-Period Cooldown May Kneecap This Bullish Catalyst; Crude Oil Pulls Back Further On Demand Growth Concerns, But Commodity Remain Solidly Undervalued; Natural Gas Production Rises To A Record High While Temperature-Adjusted Powreburn Remains Strong



Daily Commentaries For The Last 30 Days:

Thursday, August 15, 2019
EIA Projected To Announce Bearish +62 BCF Natural Gas Storage Injection In Today's Storage Report, But Upside Potential Outweighs Downside Risk As Near-Term Temperature Outlook Becomes More Supportive; Realtime Natural Gas Inventories To Top 2800 BCF Today, Nearly 6 Weeks Ahead Of 2018's Pace; LNG Feedgas Demand To Rebound Sharply Today


Wednesday, August 14, 2019
Crude Oil Soars Amidst Trade Talks While Natural Gas Stages Dead Cat Bounce As The Sector Waits On A Meaningful Catalyst; EIA Expected To Announce Bearish Crude Oil Inventory Build In Today's Petroleum Status Report , Pressuring Tuesday's Gains; Natural Gas Demand To Fall Today As Southern Heat Fades & LNG Feedgas Demand Slumps To Year-Over-Year Decline


Friday, August 9, 2019
Natural Gas Bounces After The EIA Announces Rare Smaller-Than-Expected +55 BCF Storage Injection; Despite Record Production, Temperature-Adjusted Natural Gas Supply/Demand Imbalance Tightens To Flat Versus 2018--Though This May Be Only Temporary


Tuesday, August 6, 2019
Oil & Natural Gas Tumble Amidst Global Equities Rout; Call Natural Gas Undervalued Or Oversold All You Like But You Can't Stop The Bearish Momentum (Yet); Natural Gas Storage Deficit Versus The 5-Year Average Falls Under -100 BCF; LNG Export Demand Bounces Slightly As Cameron Flows Recover Even As Sabine Pass & Corpus Christi Continue Slump


Monday, August 5, 2019
Dark Days For Commodities: Volatile Week Sends Natural Gas To 3-Year Low As Temperature Outlook & EIA Disappoint While Crude Oil Suffers Despite Another Big Inventory Build; Natural Gas Investor Bullish Sentiment Drops To 4+ Year Low; LNG Feedgas Demand Falls Sharply Over The Weekend


Wednesday, July 31, 2019
Natural Gas Bounces But Near-Term Moves Will Be Directed By The Temperature Outlook Which Still Looks Sketchy; Oil Rises Ahead Of Expectations For Big EIA Crude Oil And Refined Products Draws In Today's Report; Gas Demand To Fall Again As Unseasonably Cool Temperatures Expand Across The Great Lakes


Tuesday, July 30, 2019
Continued Selling Pressure Takes Natural Gas Prices To Lowest July Close Since 1998; Long-Term Temperature Outlook Trends Towards Cool Start To August, But Potential Late-Month Warm-Up Lurks; Natural Gas Demand To Dip Today As Expanding Cooldown Across The Central US Is Partially Countered By Localized New England Heat


Monday, July 29, 2019
Natural Gas Continues Mid-Summer Meltdown Despite Long-Term Bullish Signals As Near-Term Outlook Trends Cooler For Longer; Oil Treads Water As Investors Ignore Large Inventory Build For Global Demand Concerns; Natural Gas Supply/Demand Balance Tightens To Nearly Flat Versus 2018; Gas Demand To Begin Steady Decline Today As Heartland Cools


Thursday, July 25, 2019
Sell Now & Ask Questions Later: Natural Gas Prices Tumble To 3-Year Closing Low As Computer Models Trend Cooler--But Is It Justified? Crude Oil Slumps Despite Mammoth Barry-Driven Build As Investors Sell-The-News; EIA Expected To Announce A Second Straight Bullish Injection In Today's Storage Report


Wednesday, July 24, 2019
Cooling Trend In The Near-Term Computer Models Snuffs Out Natural Gas Rally; Oil Rises Ahead Of Mammoth -11 MMbbl Forecast Crude Drawdown For Today's EIA Petroleum Status Report, But Expected Bearish Refined Product Builds Check Gains; Gas Demand To Hold Near Weekly Lows Today As Powerburn & LNG Feedgas Demand Both Fall


Tuesday, July 23, 2019
Natural Gas & Oil See Small Bounces After Last Week's Sell-Offs; Warmer-Than-Normal Temperatures Still Look Likely For August & Should Support Natural Gas--If Not Support A Sustainable Rally; Eastern Cooldown & Decline In LNG Feedgas Demand To Drive Gas Demand To 1-Week Low Today


Monday, July 22, 2019
Natural Gas & Oil Both Attractively Undervalued For The Aggressive Investor After Exaggerated Losses Last Week; Natural Gas Demand To Fall Sharply Today As Long-Advertised Cooldown Arrives To Crush Powerburn, But Duration Of Pattern Shift Looks Short-Lived; LNG Feedgas Demand Reaches New Record Daily High


Thursday, July 18, 2019
Oil Declines Despite Larger-Than-Expected Crude Draw After The EIA Reports Big Refined Product Builds; EIA Projected To Announce Neutral +63 BCF Natural Gas Storage Injection In Today's Report; Gas Demand To Hold Steady As Heartland Heat Builds, But East Coast Cools;It's Hard Not To Be Near-Term Bearish On Natural Gas But Steep Long-Term Discount Favors The Bulls


Wednesday, July 17, 2019
Natural Gas Rout Continues As July & Early August Temperature Outlook Trends Cooler; Volatility Soars By Summertime Standards Presenting A Challenging, But Opportunistic Trading Environment; EIA Expected To Announce A Bearish Petroleum Status Report Today Led By Big Builds In Refined Products; Heatwave Cranks Up As Powerburn Likely To Set New 2019 High Today


Monday, July 15, 2019
Natural Gas Set To Pull Back As Models Trend Towards Late-July Cooldown, But Commodity Remains Attractive On Any Weakness; Tropical Storm Barry Moves Inland With Negligible Net Impact On Natural Gas LNG exports, Powerburn, Or Production; Natural Gas Demand To Bottom Today Before Temperatures Ramp Up In Widespread, But Short-Lived, Heatwave


Thursday, July 11, 2019
Crude Oil Tops $60/Barrel After The EIA Reports Bullish & Larger Than Expected -9.5 MMbbl Inventory Draw; EIA Forecast To Announce 17th Straight Bearish Natural Gas Build Today; Developing Tropical Storm Shuts In Gulf Of Mexico Oil & Natural Gas Production But Don't Get Swept Up In The Hurricane Trade--Unless You Are Looking For A Sell-The-News Opportunity


Wednesday, July 10, 2019
Oil & Natural Gas Stage Tepid Rallies Ahead Of Weekly Inventory Data; EIA Forecast To Announce Huge -8.1 MMbbl Crude Oil Storage Draw In Today's Status Report, Though Bullishness Blunted By Expected Gain In Distillate Stocks; All Eyes On The Gulf Of Mexico As "Proto-Barry" Likely To Negatively Impact Oil & Natural Gas Demand


Monday, July 8, 2019
Natural Gas Surges 5% Friday On Potential Sustained Mid-July Warmth While Oil Nets First Weekly Loss In Three On Selling-The-News, Demand Worries, & Smaller-Than-Expected Inventory Draw; Oil & Natural Gas Portfolio Reaches 2019 High; First Bullish Natural Gas Storage Withdrawal In 16 Weeks Expected In Thursday's EIA Report; Eyeing The Gulf For Potential Late-Week Tropical Development


Friday, July 5, 2019
EIA Disappoints In Dual Storage Reports, But Oil & Natural Gas Both Finish Higher; Natural Gas Supply/Demand Imbalance Continues To Tighten On Strong Powerburn & Record LNG Exports, Boosting Undervaluation & Setting Up Potential Short Squeeze; 16-Week Bearish Streak Likely To Be Snapped With Slightly Bullish Natural Gas Storage Injections Expected For The Next 2 Weeks


Wednesday, July 3, 2019
Oil Falls Sharply On Global Demand Concerns Ahead Of Today's Inventory Data While Natural Gas Drifts Lower Towards 3-Year Lows On July Cooldown Fears; A Busy Day For The EIA: Agency Forecast To Announce Second Straight Bullish Crude Oil Inventory Draw But 16th Straight Bearish Natural Gas Inventory Injection


Tuesday, July 2, 2019
Natural Gas Falls On Mid-July Cooldown Fears, But Remains Significantly Undervalued; Crude Oil Rises On Continuation Of OPEC Production Cuts, But Finishes Well Off Session Highs; Natural Gas Demand to Rise Today On Eastern Heat With Powerburn To Approach 40 BCF/Day & Drive Bullish Daily Storage Build


Monday, July 1, 2019
Natural Gas Looks To Consolidate Its Gains After A Strong Week While WTI Oil Is Poised To Top $60/Barrel On OPEC Production Cut Deal & US-China Trade Progress; Despite Squeeze, Natural Gas Trade Remains Excessively Overcrowded; Realtime Natural Gas Inventories To Top 2400 BCF Today, 6 Weeks Ahead Of Last Year's Pace, But Rare Bullish Build Possible This Week


Friday, June 28, 2019
Natural Gas Pops After The EIA Reports Weekly Storage Injection In-Line With Expectations; Natural Gas Supply/Demand Balance Continues To Tighten As Fair Price Points To Continued Steep Undervaluation; First Bullish Daily Storage Injection In June Likely Today As Heat Overspreads The Midwest, But 16th Straight Bearish Weekly Build Still Expected


Thursday, June 27, 2019
WTI Oil Nears $60/Barrel After EIA Reports Fifth Largest Inventory Drawdown On Record; EIA Projected To Announce 15th Straight Bearish Storage Injection & (Perhaps) Challenge Record Triple Digit Build Streak; Gas Demand To Rise Today As East Heats Up & Powerburn Approaches 40 BCF/Day


Wednesday, June 26, 2019
Natural Gas Holds Its Ground After Monday's Short Squeeze While Oil Traders Watch & Wait; EIA Forecast To Announce The Second Largest Crude Oil Inventory Draw On Record For June 15-21 In Today's Status Report; Natural Gas Demand To Inch Higher For Third Straight Day As East & Central US Warm


Tuesday, June 25, 2019
Squeezed: Natural Gas Crushes The Shorts In Long Overdue Rally As Near-Term Temperature Warms; Oil & Natural Gas Portfolio Sees Best Day Of The Quarter; Day Traders Rejoice As Natural Gas Volatility Spikes While ETF Holders Should Use Caution; Gas Demand To Rise For A Third Straight Day Today As Heartland Warms


Monday, June 24, 2019
Natural Gas Crashes & Burns On Brutal 1-2 Punch As Short Trade Overcrowdedness Reaches 3-Year High, Setting Up A Long-Term Squeeze Opportunity; Crude Oil Surges On Geopolitical Tension & Inventory Draw, But Is Still Undervalued; Gas Demand To Remain Soft Today On Heartland Chill, But Will Recover Some Throughout The Week


Thursday, June 20, 2019
Oil Unable To Hold Onto Gains Despite All-Around Bullish EIA-Reported Storage Withdrawal While Natural Gas Slumps To New 3-Year Low On July Temperature Concerns; EIA Forecast To Announce 14th Straight Bearish Natural Gas Storage Injection Today


Wednesday, June 19, 2019
Natural Gas Erases Gains To Near Another 3-Year Low While Crude Oil Surges On Prospects For US-China Trade Deal; EIA Forecast To Announce A Slightly Bearish Crude Oil Inventory Draw In Today's Status Report; Upgraded Fair Price Model Shows Natural Gas Still Significantly Undervalued--But Perhaps Not For Long; Gas Demand To Rise Today As East & South Warm


Tuesday, June 18, 2019
Natural Gas Opens The Week Flat While Oil Gives Up Geopolitical Premium On US Storage & Global Demand Concerns; EIA Drilling Productivity Report Shows Continued Slowdown In Drilling, But Is It Enough? Computer Models Continue To Trend Towards Warm Start To July; Gas Demand To Fall Slightly Today On Rain-Cooled East & Central Plains


Monday, June 17, 2019
Natural Gas Undervalued As Temperature Outlook Warms & Supply/Demand Imbalance Tightens While Crude Oil Remains A Challenge On Middle East Tension & Storage-Supply/Demand Disconnect; Natural Gas & Oil Short Trades Exceptionally Overcrowded Setting Up Potential Future Short Squeeze; Gas Demand To Hold Steady Today With Warm East & Cool Heartland


Friday, June 14, 2019
Natural Gas Falls To New 3-Year Low After EIA Reports A Fifth Straight Triple Digit Storage Injection, But Evidence Of Tightening Supply/Demand Balance Could Catalyze A Move Higher Once Warmer Temperatures Return; Crude Oil Spikes On Gulf Threat


Thursday, June 13, 2019
Crude Oil Plunges To New 5-Month Low After Another Bearish Inventory Build, But The Signs Are There This Nightmare Could Soon Come To An End; EIA Projected To Report A 13th Straight Bearish Natural Gas Injection Today, But Commodity Looks To Establish A Bottom As Powerburn Stays Strong & Late June Temperature Outlook Warms; Realtime Year-Over-Year Surplus To Top +200 BCF Today