Tag Archive for: NATURAL GAS STORAGE DATA

Natural Gas Updates : 26.07.12

26/07/2012

Natural gas Aug MCX : Prices are witnessing a strong support near 170 levels. Sustained trades above the same it is likely to move in the range of 170-176 levels. Only a convincing break below 170 it may trigger fresh selling towards 168/165 levels. CMP 172 

NATURAL GAS STORAGE DATA UPDATE :

EIA Natural gas storage

  • Actual: 26BCF
  • Survey: 26BCF,
  • Prior: 28BCF
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
07/20/12 07/13/12 Change Year Ago (07/20/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change
East
1,575
1,555
20
1,327
18.7
1,408
11.9
West
495
488
7
386
28.2
407
21.6
Producing
1,119
1,120
-1
989
13.1
938
19.3
Total
3,189
3,163
26
2,702
18.0
2,754
15.8

 

Data Impact : 08:00 PM

The actual figure came as expected. So it may not have much impact on the prices.

Free Momentum Call,Buy at Cmp: 172.4,T1:174.4,T2:176.4,SL:168 – www.Commodity20.com 26.07.12, 08:01 PM

As Said Technically support is seen at 170 levels. Sustained trades above the same it is likely to move in the range of 170-176. In case if prices breaches the support at 170 it may test 168/165 levels.

Free Momentum Call Update,Natural Gas Buy Given at 172.4,Cmp:174.6,Target1 Achieved, Profit:2500+ per lot -www.Commodity20.com 26.07.12, 08:12 PM