By FXEmpire.com
Analysis and Recommendations:
Natural Gas declined today to trade at 2.627 as investors sold off and took profits after yesterdays inventory reports did not show the reduction in inventory they were expecting.
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended May 18 rose by 77 billion cubic feet, broadly in line with expectations for an increase of 76 billion cubic feet. Inventories rose by 101 billion cubic feet in the same week a year earlier, while the five-year average change for the week is an increase of 97 billion cubic feet, according to U.S. Energy Department data.
Total U.S. natural gas storage stood at 2.744 trillion cubic feet as of last week. Stocks were 750 billion cubic feet higher than last year at this time and 753 billion cubic feet above the five-year average of 1.991 trillion cubic feet for this time of year.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
WEEKLY
- Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time) - Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule) 
Click here to read Natural Gas Technical Analysis.
Originally posted here
