This Thrusday December 22nd at 10:30 EST and 15:30 GMT the Natural Gas Storage figures were released by the EAI. Here the figures:
EIA Natural Gas Storage Change
Estimates: Median -105 Average -104 Range -112 to -90 (majority -110 to -104)
Actual: -100.0 Prior -102 No Revision
a very small build of +2, and the Natural Gas Future contract NQ moved down 90 ticks, it is a very volatile instrument and while such a small deviation from the median is risky to trade it will often move on any deviation.
Here is the 1 sec chart of the Natural Gas:
and here is the 1 minute chart:
Also included is the 1 minute chart of the stock for Chesapeake, they are a company involved in doing fracking for Natural Gas...it appear there is massive quantities of Natural Gas which is stored in big Shale deposits until the USA and now it can be blasted out of the rock, so in general Natural Gas is cheaper these days...Chesapeake tends to be affected:
Thursday, December 22, 2011
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