{"id":3438,"date":"2018-07-13T16:11:35","date_gmt":"2018-07-13T20:11:35","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=3438"},"modified":"2018-07-13T16:11:35","modified_gmt":"2018-07-13T20:11:35","slug":"eia-insights-july-12-2018","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/ar\/eia-insights-july-12-2018\/","title":{"rendered":"EIA Insights July 12, 2018"},"content":{"rendered":"<h4 style=\"text-align: center;\"><strong>Injection Below Expectations<\/strong><\/h4>\n<p>The EIA reported a 51 bcf Injection for the week ending July 6, 2018. Because of hot weather conditions, the 51 bcf injection was one of the lowest injections for this week of the year, and below the average of expectations at 53 bcf injection, with a range of a 42 injection to a \u00a063 bcf injection.<\/p>\n<p>Surprisingly, prices dropped when the report was released given the bullish nature of the report.\u00a0 Prices remained weak and ended the trading day near the lows.<\/p>\n<p>Prices have decreased by nearly 22 cents (-8%) from the highs in mid-June.\u00a0 We would not recommend going short in this market, but to wait for an established upper trend in prices before trading from the long side of prices as the fundamentals of supply and demand remain bullish.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3428\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/DOEJULY11PIC2.png\" alt=\"\" width=\"974\" height=\"689\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/DOEJULY11PIC2.png 974w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/DOEJULY11PIC2-300x212.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/DOEJULY11PIC2-768x543.png 768w\" sizes=\"(max-width: 974px) 100vw, 974px\" \/> <img decoding=\"async\" class=\"aligncenter size-full wp-image-3442\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic1.png\" alt=\"\" width=\"1029\" height=\"575\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic1.png 1029w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic1-300x168.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic1-768x429.png 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic1-1024x572.png 1024w\" sizes=\"(max-width: 1029px) 100vw, 1029px\" \/> <img decoding=\"async\" class=\"aligncenter size-full wp-image-3441\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic2.png\" alt=\"\" width=\"1029\" height=\"754\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic2.png 1029w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic2-300x220.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic2-768x563.png 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic2-1024x750.png 1024w\" sizes=\"(max-width: 1029px) 100vw, 1029px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3440\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic3.png\" alt=\"\" width=\"1027\" height=\"770\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic3.png 1027w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic3-300x225.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic3-768x576.png 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic3-1024x768.png 1024w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic3-800x600.png 800w\" sizes=\"(max-width: 1027px) 100vw, 1027px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3439\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic4.png\" alt=\"\" width=\"1029\" height=\"768\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic4.png 1029w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic4-300x224.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic4-768x573.png 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/07\/EIAjuly122018pic4-1024x764.png 1024w\" sizes=\"(max-width: 1029px) 100vw, 1029px\" \/><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Injection Below Expectations The EIA reported a 51 bcf Injection for the week ending July 6, 2018. Because of hot weather conditions, the 51 bcf injection was one of the lowest injections for this week of the year, and below the average of expectations at 53 bcf injection, with a range of a 42 injection [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3438","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/3438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/comments?post=3438"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/3438\/revisions"}],"predecessor-version":[{"id":3443,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/3438\/revisions\/3443"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/media?parent=3438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/categories?post=3438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/tags?post=3438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}