November 8th: Our estimate for this week’s EIA weekly storage report was +62 Bcf, solidly higher than national survey averages of +56-58 Bcf. With it printing +65 Bcf, this puts us to the correct side 11 of the past 12 weeks, with 9 of the 12 weeks error being less than or equal to 3 Bcf. Clearly, our accuracy is not luck.
Thursday: Today’s EIA weekly storage report is expected to show a build of +56-58 Bcf by most national survey averages, larger than the 5-year average of +48 Bcf. It was warmer than normal over most of the country besides just slightly cool across portions of the eastern third. Our algorithm sees it a touch to the bearish side at around +62 Bcf.
