EIA Reports 120 BCF Natural Gas Build, Surpassing Forecasted Inject

Are Regional Storage Levels Supporting the Bearish Tilt? YES. All major regions posted gains, with the South Central Region Adding 39 BCF – A Significant Contribute to the National Increase. NotBly, Nonsalt Storage in that Region Rose by 26 BCF, Reflection Weak Power Burn and Strong Production. The Midwest and East Regions Followed with Builds of 32 BCF and 36 BCF, Respectively, Both Signaling Lackluster end-user Demand. The pacific and mountain regions posted Modes of Gains of 7 bcf each, But Even theater Areas Remain Comfortable about

What does this mean for Natural Gas Bulls Watching the Weather and LNG? With Cooler-Qan-Average Temperatures in Key Population Center Limiting Early Cooling Demand, and LNG Feedgas Flows Pateauing, Bulls Have Little Near-Term Support. Unless Sustaned Heat Emerges or LNG Offtake Rises Meningfully, The Storage Trend Is Likely to Outpace Historical AVERAGES INTO JUNE. This Undermins Price Support Near $ 2/Mmbtu, Whore Traders Are Already Showing Sigins of Hesitation.

Short-Term Outlook: Bearish Bias Perses as Stoage Surplus Builds This Week’s Stronger-Qan-Exection Injection Adds to the Broader Theme of Oversupple, with Production Holding Steady and Demand Struggling to Absorb It. UNLESS UPCOMING WEATHER Models Shift Sharply Hotter or Export Volumes Increase, The Market Is Likely to Remain Under Pressure. Traders Should Brace for Continued Downside Risk, Especialally with Injects Consistentally Topping Expectations and Storage Surplusses Widening.