EIA Natural Gas Update Data :

Previous :  39B

Expected : 27B

Actual : 33B

Data Impact : Storage Inventory is Increased more than expected,it will have negative impact on natural gas prices.

Free momentum Call : Sell Natural Gas @ 156.50-157.50,Taget : 154,Target2: 151.50,SL: 161 @12.07.12,08:05 PM

Released: July 12, 2012 at 10:30 a.m. (eastern time) for the Week Ending July 6, 2012.Next Release: July 19, 2012
Working Gas in Underground Storage, Lower 48
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
07/06/12 06/29/12 Change Year Ago (07/06/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change
East
1,532
1,512
20
1,231
24.5
1,303
17.6
West
484
471
13
359
34.8
392
23.5
Producing
1,119
1,119
0
997
12.2
923
21.2
Total
3,135
3,102
33
2,587
21.2
2,619
19.7

Free Momentum Call Update : Natural Gas Sold @ 156.50,Low Made:152.60,Target1 was Achieved,Profit:3150+ per lot – www.Commodity20.com @ 12.07.12,08:30 PM

Technical Update : Natural gas July MCX  @ 12.07.12,10:00 PM :

Prices initially made a low of 152.60 levels and later it recovered the losses made during intraday which is at 160.3 levels. On breach and sustained trades above 162 would confirm further uptrend towards 168 levels. High risk traders can go for adding more lots after breaching 162 levels. CMP 160.3

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