August Forecasts Being Revised Lower - Natural Gas Daily
August Forecasts Being Revised Lower - Natural Gas Daily
Summary
August injection forecasts were revised lower.
The average EOS forecast is barely above 4 Tcf now.
A weak La Nina could bode well for heating demand this winter.
Natural gas (NYSEARCA:UNG) bulls can rejoice … for now. August injection forecasts were revised sharply lower as more heat is expected to buoy power burn demand. Prices are reflecting the new weather forecasts currently.
http://seekingalpha.com/article/3995326-august-forecasts-revised-lo...
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