Natural Gas Fill Has Not Yet "Turned The Corner" -- April 26, 2018

So, from yesterday (Wednesday, April 25, 2018):

The next natural gas fill/withdrawal data will be released by the EIA tomorrow (Thursday, April 26, 2018).

This is what is/was forecast.

• this Thursday (tomorrow), we expect EIA to report 1,287 bcf of working gas in storage for the week ending April 20.
• 2e anticipate to see a draw of 12 bcf, which is 83 bcf larger than a year ago and 72 bcf larger vs. 5-year average.

How did that forecast work out? Actual results:

• working gas in storage: 1,281 bcf (net change: - 18 bcf)
• a draw of 18 bcf (vs 12 bcf predicted)
• the forecast: almost spot on

As predicted by Platts, it looks like this will be the "longest stretch" for natural gas before "turning the corner."