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Warm Weather Presenting An Opportunity In Natural Gas?

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 OutlookClick to enlargetreak 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-F4Click to enlarge
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.

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