{"id":3701,"date":"2018-08-31T16:08:43","date_gmt":"2018-08-31T20:08:43","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=3701"},"modified":"2018-08-31T16:08:43","modified_gmt":"2018-08-31T20:08:43","slug":"eia-insights-august-30-2018","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/ar\/eia-insights-august-30-2018\/","title":{"rendered":"EIA Insights, August 30, 2018"},"content":{"rendered":"<h4 style=\"text-align: center;\"><strong>EIA Insights\u00a0<\/strong><strong>August 30, 2018<\/strong><\/h4>\n<h5><strong>Injection Greater Than Expectations<\/strong><\/h5>\n<p><span style=\"color: #000000;\">The EIA reported a 70 Bcf Injection for the week ending August 24, 2018. The injection was above the average, 65 Bcf, for this week of the year, and above the average of expectations of a 64 Bcf injection. Expectations had a range from a 58 Bcf injection to a 70 Bcf injection. \u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">The 70 Bcf injection was a surprise because for the last several weeks the injections were less than expectations.\u00a0 Injections should increase in magnitude if normal, milder weather occurs in September.\u00a0 However, the injections must be significantly greater than average for the storage level at the end of the summer injection season to be greater than 3,200 Bcf.<\/span><\/p>\n<p><span style=\"color: #000000;\">Prices dropped 3 cents with the release of the report but reversed and traded up through the remainder of the trading day, ending up about 2 cents for the day.\u00a0 This was unusual considering the bearish nature of the storage report.<\/span><\/p>\n<p><span style=\"color: #000000;\">Prices have yet to break through the $3.00 level.\u00a0 After nearing $3.00, prices had three consecutive large down days, but now have returned to the $2.89 level. \u00a0Prices remain range bound between $2.85 and $3.00.\u00a0 We still believe the fundamentals are bullish to price.\u00a0 So we still suggest consideration of trading from the long side, and especially if prices can break through the trading range above $3.00.\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3702\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-4.jpg\" alt=\"\" width=\"873\" height=\"652\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-4.jpg 873w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-4-300x224.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-4-768x574.jpg 768w\" sizes=\"(max-width: 873px) 100vw, 873px\" \/> <img decoding=\"async\" class=\"aligncenter size-full wp-image-3703\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-3.jpg\" alt=\"\" width=\"949\" height=\"715\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-3.jpg 949w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-3-300x226.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-3-768x579.jpg 768w\" sizes=\"(max-width: 949px) 100vw, 949px\" \/> <img decoding=\"async\" class=\"aligncenter size-full wp-image-3704\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-2.jpg\" alt=\"\" width=\"1159\" height=\"863\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-2.jpg 1159w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-2-300x223.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-2-768x572.jpg 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-2-1024x762.jpg 1024w\" sizes=\"(max-width: 1159px) 100vw, 1159px\" \/> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3705\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-1.jpg\" alt=\"\" width=\"815\" height=\"440\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-1.jpg 815w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-1-300x162.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-31-18-1-768x415.jpg 768w\" sizes=\"(max-width: 815px) 100vw, 815px\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>EIA Insights\u00a0August 30, 2018 Injection Greater Than Expectations The EIA reported a 70 Bcf Injection for the week ending August 24, 2018. The injection was above the average, 65 Bcf, for this week of the year, and above the average of expectations of a 64 Bcf injection. Expectations had a range from a 58 Bcf [&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-3701","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/3701","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=3701"}],"version-history":[{"count":1,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/3701\/revisions"}],"predecessor-version":[{"id":3706,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/posts\/3701\/revisions\/3706"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/media?parent=3701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/categories?post=3701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/ar\/wp-json\/wp\/v2\/tags?post=3701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}