The natural gas market is finally starting to tighten with our implied balance showing a deficit of 0.71 Bcf/d vs the 5-year average. For natural gas bulls, this means that the prospects of storage hitting the maximum has greatly diminished. But it's not all rainbows and puppies just yet, because storage levels remain bloated, bulls should expect natural gas to trade between the $2.5 to $3.25 range until the end of injection season.
Natural Gas Is Sitting In The Comfort Zone
Natural Gas Is Sitting In The Comfort Zone
Natural Gas Is Sitting In The Comfort Zone
The natural gas market is finally starting to tighten with our implied balance showing a deficit of 0.71 Bcf/d vs the 5-year average. For natural gas bulls, this means that the prospects of storage hitting the maximum has greatly diminished. But it's not all rainbows and puppies just yet, because storage levels remain bloated, bulls should expect natural gas to trade between the $2.5 to $3.25 range until the end of injection season.