Weather and a little more weather is what is driving Nat Gas
prices and will continue to do so as we are now in the heart of
the winter heating season. Unfortunately for the remaining bulls
the current weather forecast is bearish. The latest NOAA six to
ten day and eight to fourteen day forecasts are projecting above
normal temperatures across the eastern half of the US or the part
of the country that generally uses the largest amount of Nat Gas
for meeting heating requirements. Based on the latest temperature
projections the first half of January is likely to average below
normal Nat Gas heating related demand leaving little time for
real winter like weather to actually set in and have a bullish
impact on the supply and demand balances.
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International Business Times
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.