change in the inventory
Natural gas rocketed higher after the U.S. Energy Information Administration reported a smaller than expected rise in domestic supply, saying utilities added just 99B cf of gas to storage during the week ended May 12, compared with a consensus estimate for a 106B cf increase.
Also, gas flowing from Canada to the U.S. fell to a fresh 25-month low 6.4B cf/day on Wednesday, as wildfires in Alberta have caused some producers to shut output and pipeline flows in the past two weeks.
Some 8% of gas consumed in the U.S. or exported as liquefied natural gas or via pipelines comes from Canada.
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deveOP : this range change will #-+@F up
TinkerB3ll deveOP: Dont see any resistance for NG till 3. Lets ride it up
deveOP TinkerB3ll: the data is insignificant, I doubt if it will touch 3, the rise may not last long
TinkerB3ll deveOP: Agree short term bullish