US NATGAS: Henry Hub Volatile as Expiry Approaches
May-28 17:05
Henry Hub has drifted down further today as the approaching expiry sparks volatile trading.
- US Natgas JUL 25 down 4.6% at 3.57$/mmbtu
- Forecasts for US inventory changes: 97 bcf (Bbg), 93 bcf (WSJ). 5-year avg. 98 bcf
- Lower 48 natural gas demand is up 2.3 bcf/d on the day to 68.4 bcf/d and is above the 7-day average of 66.3 bcf/d, BNEF shows.
- The latest NOAA 6-14 forecast shows that temperatures in the east and Midwest have moved above normal, while Mountain and Pacific regions are shifting below normal.
- A tropical depression named Alvin will form of Mexico’s coast this week according to the US National Hurricane Center, starting off what is likely to be a busy hurricane season, Bloomberg said.
- Total feedgas flows to US LNG export terminals are down 300 mmcf/d today to 14.50 bcf/d, Bloomberg shows, slightly below the 7-day average of 14.7 bcf/d.
- US domestic natural gas production is at 106.3 bcf/d today, down from 106.8 bcf/d yesterday to the lowest since May 15. It compares to the 7-day average of 106.9 bcf/d according to BNEF.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EURUSD TECHS: Corrective Pullback
Apr-28 17:00
- RES 4: 1.1696 1.618 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 3: 1.1625 1.500 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 2: 1.1608 High Nov 9 2021
- RES 1: 1.1573 High Apr 21 and the bull trigger
- PRICE: 1.1387 @ 16:40 BST Apr 28
- SUP 1: 1.1308 Low Apr 23
- SUP 2: 1.1217 20-day EMA and a key support
- SUP 3: 1.1144/0968 High Apr 3 / 50-day EMA and a pivot level
- SUP 4: 1.0805 Low Apr 3
The latest pullback in EURUSD is considered corrective and the trend structure remains bullish. Moving average studies are in a bull-mode position signalling a dominant uptrend, and the latest move down is allowing an overbought condition to unwind. A resumption of gains would open 1.1608 next, the Nov 9 2021 high. Key support is unchanged at the 20-day EMA, at 1.1217. A break of this average would signal scope for a deeper retracement.
OPTIONS: Busier Than Usual Session For Sonia, Especially Call Structures
Apr-28 16:52
Monday's Europe rates/bond options flow included:
- RXM5 130/129 put spread, paper pays 23 in 5.9k
- 2RZ5 97.25/97.00 put spread, paper sells for 2.75 on 10k
- SFIK5 95.85/95.90/96.00/96.05c condor, sold at 2.5 in 2.5k
- SFIK5 96.20/96.30cs, bought for 1 in 2k
- SFIM5 95.75/95.85/95.95c fly, sold at 2.5 down to 2.25 in 6k
- SFIU5 96.35/96.6/96.85c fly, bought for 4.5 in 7k
STIR: Midday SOFR Options Update
Apr-28 16:40
- -4,000 SFRH6/0QH6 98.00 call spds, 0.75 midcurve over
- -5,000 SFRZ5 95.37/95.50/95.87 1x call flys, 6.25 vs. 96.59/0.17%
- Block/screen, -12,000 SFRN5 96.50/97.00 call spds, 7.0 ref 92.265
- -2,000 SFRZ5 98.00/99.00 call spds, 4.5
Related bullets
Related by topic
Energy Data
US Natgas
US
TTF ICE
Asia LNG
Gas Positioning
Trending Top
Oct-03 08:29
Oct-03 06:53
Oct-03 06:31
