NATURALGAS I'm experimenting on a new strategy. Bracket the high and low between 8am-9:30am. Use the 30m for NatGas. If 30m price after 9:30 closes above/below those ranges, take position. In this case the 12:30pm candle closed below the LL. Hold until 1:30pm and then close it. Has a good success rate. I've attached a chart showing the indicator I coded for this (not published), but you can manually work it out.
NATGAS Production 104bcf Exports 14.8bcf Demand including exports 125bcf.
Today's EIA consensus appears to be around -96bcf to -98bcf. 5 year average is -127bcf
Forecasters have been underestimating demand in recent reports. Will be interesting to see how close they get here.
The future reports after today this go like this: Very Bullish Quite Bearish Very Very Bullish Very Bullish Very Bullish Very Bullish Bullish Bullish Bullish