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  • Warm Weather Presenting An Opportunity In Natural Gas? 0 comments
    Aug 23, 2013 11:03 AM

    The latest NOAA 8-14 day forecast, continues to show above average temperatures across the bulk of the US.

    As a result natural gas has been getting some nice support, which was also boosted by the latest storage number that showed a smaller than expected injection.

    With the later than normal hot sNOAA 8-14 Weather Outlooktreak it might mean a slight delay to what is considered the "shoulder" season for natural gas. A period of lower demand.

    I'm going to be watching the Nov13/Jan14 spread with an eye to potentially getting an even better price.
    NG X3-F4
    If the weather keeps this one bid up, when the shoulder season hits, we might be in for a nice move lower.

    But as ever, timing is everything. The seasonal window opens in mid-September so it's a little early at the moment. For now it's one to watch with one eye on the changing weather outlook.

    www.catchthatknife.com

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