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Natural gas futures slipped over one percent after the EIA reported a 58 Bcf storage injection for the week ending September 22, below the 77 Bcf analysts expected. Total stocks sit slightly above the five-year average but below year-earlier levels.
A build below expectations is mildly supportive for prices, but the market still faces a long run of injections, which caps gains.
economies.comRami HaddadSep 28, 2017After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
