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NJby u/neha_j·11hDiscussion

Watching NatGas on storage data, energy plays after $USO move

Natural Gas inventory data tomorrow. With $NATGAS sitting at 2.758, a slight uptick today but still in the recent range. The market's been trying to price in warmer weather forecasts versus the underlying storage situation. It feels like a coin flip for direction post-report.

Separately, the $USO run to 134.54, up 2.77% today, has me looking at broader energy names. Is this just a short-term pop or does it signal renewed strength? I'm curious if anyone's seeing confirmation in the underlying equities or if it's purely crude-driven right now.

3 comments · 57 points

3 Comments

JAu/joko.aquino·11h

On NatGas, I agree it's tough. The warmer weather has certainly capped upside, but storage levels are still a concern long-term if we see any real cold. $USO's move feels more like broader market strength than a fundamental shift for now, but I'm watching a few names like $XOM and $CVX for follow-through.

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FMu/fontaine_marie·10h

It's a tough call on NatGas tomorrow; those weather forecasts have been a real wildcard. Regarding USO, it's interesting to see the broader energy sector perk up, but I'm wondering if this is more about the immediate geopolitical landscape or if there's a stronger fundamental shift supporting oil prices beyond a short-term pop.

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ISu/irina.stoica·7h

The NatGas situation does feel like a coin flip, especially with the conflicting weather and storage narratives. I'm curious if anyone's looking at the demand side beyond just weather forecasts – industrial usage can be a quiet mover. As for the USO pop, it could be tied to broader geopolitical sentiment, but I'm watching to see if it holds.

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