Natural gas prices rebounded on Wednesday ahead of Thursday inventory report from the Department of Energy. Expectations are for a 163 Bcf decline for the 10th week of the year according to Estimize. The average rate of withdrawals from storage is approximately 8% below the 5-year average while prices are approximately 10% below the 5-year average price. Using these matrix prices are clearly undervalued. The weather is expected to remain colder than normal throughout most of the mid-west and east coast for the next 6-10 days. The 8-14 day forecast shows that the weather will be warmer than normal. Technical Analysis ... (full story)