Tues/Wed Eastern US storm
I like the placement of the low from the Canadian Model:
After natgas touched the $4.50 range, it has retreated to the $4 mark (see Finviz natural gas chart below); notable as we are at the official start of winter. While there has been recent cold weather in the central and eastern US, a supply glut has kept this period of higher demand from causing a [...]
For the Lehigh Valley, I am not so concerned with Saturday as I am with Sunday & Monday. From the Canadian Model 00Z run.
While the weekly EIA US natural gas storage report puts stocks in underground storage 1% lower than a year ago, they are still nearly +10% vs. 5 year ave, and with NAO turning positive, we see spot natgas continuing to slide.