CFTC COT
| July 16, 2010
July 16, 2010
Please find attached stats and charts detailing investor positions in WTI , natural gas, heating oil, and RBOB , as indicated by the latest CFTC Commitments of Traders report. We focus on non-commercial positions as well as the money manager positions in the CFTC’s newer disaggregated report. By and large, investors exited the commodities space again during the week ending July 13. In WTI , non-commercial net longs came back up after hitting their lowest point in a year last week. Net lon.....
EIA NG STORAGE REPORT
| July 15, 2010
+78 bcf (bullish)
EIA NG STORAGE REPORT The EIA reported a bullish +78 bcf natural gas inventory build for the week ending July 9. The build came in just below the Bloomberg median expectation of +80 bcf, but the market was obviously geared toward a larger build. This inventory report should more than offset last week’s bearish surprise considering the impact of the July 4 holiday on demand. Total US: +78 bcf (+80 bcf bloomberg median) East: +43 bcf West: +11 bcf Producing: +24 bcf Statistical summ.....
CFTC COT
| July 09, 2010
July 09, 2010
Please find attached stats and charts detailing investor positions in WTI , natural gas, heating oil, and RBOB , as indicated by the latest CFTC Commitments of Traders report. We focus on non-commercial positions as well as the money manager positions in the CFTC’s newer disagreggated report. By and large, investors exited the commodities space during the week ending July 6. In WTI , non-commercial net longs hit their lowest point in a year. Net longs dropped by 31k to 43k in futures only.....
EIA NG STORAGE REPORT
| July 08, 2010
+78 bcf (bearish)
EIA NG STORAGE REPORT The EIA reported a bearish +78 bcf natural gas inventory build for the week ending July 2. The build came in well above consensus estimates (Bloomberg median +70 bcf) and even above the year-ago build (+74 bcf) on similar weather. The most likely culprit lies in the power sector, where demand came out surprisingly low last week. Total US: +78 bcf (+70 bcf Bloomberg median) East: +48 bcf West: +11 bcf Producing: +19 bcf Statistical summary attached. Total US.....
CFTC COT
| July 02, 2010
July 02, 2010
Please find attached stats and charts detailing the latest CFTC report’s data regarding non-commercial and money manager positions in WTI , natural gas, heating oil, and RBOB . Non-commercial net longs in WTI declined 11.5k in futures only and 14.8k in futures and options combined, as traders reduced long positions while increasing shorts (aggregating futures and swaps). At 129k (fut, swaps, and options), the non-commercial net long position is at its lowest point since Sep09. Non-commer.....
EIA NG STORAGE REPORT
| July 01, 2010
+60 bcf
EIA NG STORAGE REPORT The EIA reported a slightly bullish +60 bcf natural gas inventory build for the week ending June 25. But the number could struggle to support prices in the face of some bleak economic data from earlier today, especially with cash prices likely to drop ahead of a holiday weekend. The build came in below market consensus (Bloomberg survey median +65 bcf), the year-ago +73 bcf build, and the five-year average +82 bcf build. The net injection was dragged down by very ho.....
CFTC COT
| June 25, 2010
June 25, 2010
Please find attached stats and charts detailing non-commercial net long positions for WTI , natural gas, heating oil, and RBOB as indicated by the CFTC’s Commitments of Traders report. Net longs in WTI fell -2.4k in futures only to 86k and -18k to 152k in futures and options combined ( NYMEX futures, NYMEX swaps, and ICE swaps), with slightly larger declines among money managers. Net length in natural gas declined as well, falling by 9.4k to 130k in futures and options combined ( NYM.....
EIA NG STORAGE REPORT
| June 24, 2010
+81 bcf
EIA NG STORAGE REPORT The EIA reported a natural gas inventory build of +81 bcf, in line with market expectations and smaller than last year’s +97 bcf build due to much warmer weather this year. The week’s injection dragged inventories into a slight yoy deficit (-14 bcf) for the first time since the beginning of April. At 2.62 tcf, however, inventories remain incredibly high for this time of year (+309 bcf vs. the prior 5yr avg, which includes last year’s record level). Heading into the .....
CFTC COT
| June 18, 2010
June 18, 2010
Please find attached a summary detailing the latest CFTC Commitments of Traders Report. The PDF file includes stats and graphs regarding non-commercial net length for WTI crude oil, natural gas, RBOB , and heating oil for the week ending June 15. In WTI , non-commercial net length increased by 28.8k contracts to 88.4k in futures only and by 24.8k to 170.8k in futures and options combined (summing NYMEX futures and swaps with ICE swaps). Looking to the disaggregated data, money mana.....
EIA NG STORAGE REPORT
| June 17, 2010
+87 bcf
EIA NG STORAGE REPORT The EIA reported a +87 bcf natural gas inventory build for the week ending June 11. The build was essentially in line with the +84 bcf 5yr avg but well below last year’s +113 build, due primarily to very hot weather across the US during the reference week. We view this report as neutral to slightly bearish. The build came in toward the lower end of expectations (Bloomberg median +90 bcf) but above some pipeline-based models. In the end, we expect this week’s report .....