With the Fed accelerating QT, things could go from bad to worse. Select natural gas, oil, and nuclear energy stocks are worth considering, but even their risks are rising. Read more here.
Natural Gas: EIA Weekly Natural Gas Storage Report Preview 2020-12-23 14:30:00 Richard Snow, Markets Writer
Natural Gas Analysis:
EIA weekly natural gas storage figures estimated to reflect a further drop in storage
Lower storage figures often signal an increase in demand and may push prices higher despite overbought conditions
Technical landscape and key levels provided Advertisement
EIA Weekly Natural Gas Storage Report Preview (23 December)
The US energy information agency (EIA) is set to release the weekly natural gas storage one day ahead of schedule to account for the holidays. Estimates suggest another negative change in storage (drawing on existing stock), suggesting an increase in demand for the commodity.