The natural gas market has rallied more than 15% the last 2 weeks due to ideas of a much colder winter and more bullish EIA’s vs last year’s warm winter. We began noticing blocks in Canada 2 weeks ago, that made us adjust our forecast for colder weather and become more in the bullish camp with prices just above $3.00. What will be keys to the winter forecast? Will it warm up after 2 weeks of cold? What these blocks due (-WPO) and (-EPO) are keys. Subscribers to our service will get up to date short and long range weather forecasts, plus invaluable information gauging the psychology of these and many other markets based on the weather.
Chart below supplied by StormVista of teleconnections predicted by mid December
