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Expectations Into Key Energy Data

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Expectations Into Key Energy Data

Expectations Into Key Energy Data
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Expectations Into Key Energy Data

by TheStreet 3:09 mins

There are a wide range of expectations into Thursday’s EIA Inventory data, Jeff Grossman on the NYMEX trading floor explains to TheStreet’s Jill Malandrino. Grossman will look to the API numbers on Wednesday night and then EIA data as confirmation. Gasoline is where Grossman’s focus is with ample inventory. Shifting gears to natural gas, Grossman said, in order to get a real read, we first have to get through hurricane season. Traders are buying $5 and $6 calls in the back month, looking for some sort of disruption in September and October. Beyond that we will have to wait to early 2015 to if see how winter plays out, particularly in the key Mid-America region. It really is a wait-and-see trade, bouncing around support and resistance levels and volatility has been muted.

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