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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