AMERICAS OIL: US Nat Gas Production Falls Amid Lower Permian Output: BNEF
Mar-14 11:50
US Nat Gas Production Falls Amid Lower Permian Output: BNEF
- Total US gas production fell today to 107.12 bcf/d from 107.66 bcf/d yesterday per the BNEF Production Model. The 30-day moving average is 106.84 bcf/d.
- Permian output fell to 20.60 bcf/d from 20.81 bcf/d yesterday. The 30-day moving average is 20.51 bcf/d.
- Appalachia output fell to 35.27 bcf/d from 35.39 bcf/d. The 30-day moving average is 35.19 bcf/d.
- Haynesville output rose to 11.40 bcf/d from 11.20 bcf/d. The 30-day moving average is 11.35 bcf/d.
- Bakken output fell to 2.57 bcf/d from 2.58 bcf/d. The 30-day moving average is 2.49 bcf/d.
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OUTLOOK: Price Signal Summary - WTI Bounce Highlights A Potential Reversal
Feb-12 11:40
- On the commodity front, a bull cycle in Gold remains in play and the yellow metal is trading closer to its recent highs. The continued appreciation once again confirms a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Moving average studies are in a bull mode position too, highlighting a dominant uptrend. Sights are on the $2962.2, a 2.00 projection of the Nov 14 - Dec 12 - 19 price swing. The first key support to watch is $2779.3, the 20-day EMA.
- In the oil space, WTI futures have recovered from their recent lows. This highlights the fact that the 50-day EMA - at $72.21, despite being pierced, has provided firm support. Moving average studies remain in a bull mode condition highlighting a dominant uptrend. The latest recovery also signals a stronger reversal of the Jan 15 - Feb 6 bear leg. Sights are on $75.18, the Feb 3 high. Key short-term support and the bear trigger lies at $70.43, the Feb 6 low.
EURIBOR: Put Condor buyer
Feb-12 11:28
ERM5 97.8125/97.75/97.6875/97.5625 broken p condor, bought for half in 8k.
LOOK AHEAD: Wednesday Data Calendar: CPI & Revisions, Fed Chair Powell in House
Feb-12 11:28
- US Data/Speaker Calendar (prior, estimate)
- 12-Feb 0700 MBA Mortgage Applications (2.2%, --)
- 12-Feb 0830 CPI MoM (0.4%, 0.3%), YoY (2.9%, 2.9%)
- 12-Feb 0830 CPI Ex Food & Energy MoM (0.2%, 0.3%), YoY (3.2%, 3.1%)
- 12-Feb 0830 Real Avg Weekly Earnings YoY (0.5% revised, --)
- 12-Feb 1000 Fed Chair Powell House Financial Services testimony
- 12-Feb 1130 US Tsy $62B 17W bill auction
- 12-Feb 1200 Atlanta Fed Bostic economic outlook (no text, Q&A)
- 12-Feb 1300 US Tsy $42B 10Y Note auction (91282CMM0)
- 12-Feb 1400 Federal Budget Balance (-$86.7B, -$94.8B)
- 12-Feb 1705 Fed Gov Waller on Stablecoins (text, Q&A)
