Natural gas futures earlier in the day completed the KnovaWave target at 2.6760 before sliding 12 cents pre release. The number saw natty gas fall through the much watched 50 and 40 dma on the hourly chart . EIA-U.S. weekly natgas stocks up 61 bcf .
The U.S. Energy Information Administration issued the following weekly estimates of U.S. working gas in underground storage (in billion cubic feet except where noted):
09:30 17May12 RTRS-EIA-U.S. WEEKLY NATGAS STOCKS UP 61 BCF, VERSUS FORECAST OF 55 BCF BUILD
09:30 17May12 RTRS-EIA-U.S. NATGAS PRODUCING REGION UP 7 BCF IN LATEST WEEK
09:30 17May12 RTRS-EIA-U.S. CONSUMING REGION EAST UP 47 BCF, WEST UP 7 BCF IN LATEST WEEK
09:30 17May12 RTRS-EIA-U.S. SALT DOME CAVERN NATGAS STOCKS OFF 3 BCF
Region 05/11/12 05/04/12 Net Year-Ago
Stocks Stocks Change Stocks
East 1,236 1,189 47 788
West 386 379 7 248
Producing 1,045 1,038 7 857
Salt 238 241 -3 161
Non-Salt 807 797 10 703
Total U.S.* 2,667 2,606 61 1,893
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