eia natural gas storage report

Reaction of the market to this weeks EIA inventory data.

Although the data came out bearish, the gas market reacted bullish and I suspect the heat wave in Europe and USA is making investors to buy more gas needed to generate electricity for consumers to power their cooling appliances like air conditioners etc.

EIA natural gas report for the week came out bearish again. 61 billion cubic metres were left in inventory which is higher than the 60 bcm forecasted by experts

This chart shows the market reaction to yesterdays bearish EIA report

What timeframe was used for the analysis?

News defies all TA most times.

Yes, when I am expecting news I just trade the direction of the news I don't really rely on TA. The analysis is on a 5-minute time frame

This week's report came our bullish but the market reacted the opposite which is bearish, this was really strange.

EIA natural gas inventory to be released this afternoon by 330 pm UTC+1. Natural gas traders get ready

Natural gas inventory incoming in 5 minutes

EIA US natural gas inventory just came in bearish

Market reaction to this weeks EIA natural gas inventory

The US weekly EIA natural gas inventory just came in bullish

The market reaction to the EIA gas inventory was strange, there was this weird gap and temporary pause in trading after the data was released

US natural gas inventory for this week just came in bearish

Market reaction to the above eia gas inventory

The US EIA weekly Nat Gas inventory was released yesterday (it came out bearish), and this is how the gas market reacted to the release