Friday, June 25, 2010

Natural Gas Storage At Still At Top of Channel, But Very Slightly Bullish

Natural gas storage numbers were released yesterday. The current amount in storage is 2.64Tcf, about the same as last year, but still at the very top of the 5-year average channel:

This is actually the first slightly (very slightly) bullish sign. We have to pay very close attention in the next two weeks to see if the rate of increase is slowing down.

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