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Evolution of National Consumption Forecast


       
6 Months   1 Year   3 Years   Max
Last update: December 12, 2017, 3:37 EST
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Description

Evolution of National Consumption chart shows the development of our natural gas consumption forecast over time. It also displays the latest EIA forecast and the price of natural gas futures.

This chart enables the trader to view the latest consumption forecast through historical perspective. It also helps establish "associations" between the price level and the level of consumption forecast. For example, on December 29, 2016, two-month consumption forecast hit a 13-day low, whereas the price on that day was near recent highs. This particular situation represented a potential "bearish disparity", which could have served as an additional trading indicator. To see a more detailed breakdown of consumption forecast by periods, visit Daily Changes section. To understand why we decided to launch this chart, please read this trading commentary from January 4, 2017. To view similar chart for natural gas production, please click here.   

Note that two-month forecast covers:

  • from Oct. 1, 2017 - October 2017 and November 2017
  • from Nov. 1, 2017 - November 2017 and December 2017
  • from Dec. 1, 2017 - December 2017 and January 2018
  • same logic applies to historical periods

Data is available from December 12, 2016.

Updated every weekday by 9 AM Eastern time.

Source: Energy Information Administration, Bluegold Research estimates and calculations

Definitions

  • Consumption Forecast - Bluegold Research natural gas consumption forecast (running two-month total in billion cubic feet).
  • 5-day average - arithmetic average of Bluegold Research natural gas consumption forecasts over the last five updates.
  • EIA forecast (STEO) - natural gas consumption forecast from the latest Short-Term Energy Outlook, published by Energy Information Administration.
  • Natgas Futures Price - Henry Hub NYMEX Natural Gas Futures Price (prompt contract, daily close).
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