Our EIA Storage Report Forecas Runs Correct Streak to 7-Weeks

Written by on October 5, 2018 in NatGasWeather - No comments

With our forecast in the 90s Bcf for yesterday’s EIA weekly storage report, we run our consecutive number of week’s being to the correct side or within 1 Bcf to 7 weeks. The first 5 weeks we had an average error of less than 1 Bcf, with the past two weeks being correct with the bullish call last week and the bearish call yesterday. Next week we expect another rather large build near to slightly over the 5-year average of +90 Bcf, which marks the peak of the fall shoulder season as the largest build based on climatology.

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