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Evolution of National Consumption Forecast


       
6 Months   1 Year   3 Years   Show All
Last update: October 17, 2017, 7:39 EDT
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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.

Note that two-month forecast covers:

  • from Jul. 3, 2017 - July, 2017 and August, 2017
  • from Aug. 1, 2017 - August, 2017 and September, 2017
  • from Sep. 1, 2017 - September, 2017 and October, 2017
  • 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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