Energy Prospectus

I am expecting a bullish natural gas storage report today. This is "Shoulder Season", when storage levels need to build. Look for additions to storage to be less than the five year average, so gap to five year average will grow to over 100 bcf and may go up to 150 bcf during May.

I am now expecting storage levels to remain well below the five year average all year, which will continue to push futures higher on NYMEX