Colder Trends Holding April 9-19

Written by on April 7, 2020 in NatGasWeather - No comments

Tuesday, April 7:  It’s been a long time since the 8-15 Day Outlook looked as blue/bullish as it does currently, like since last November. It was clearly disappointing to the nat gas markets this winter season was so warm, although it’s what we were forecasting prior to the winter season. It has helped colder air will be arriving the next few weeks to help aid a strong nat gas rally the past three sessions, but a little late to make up huge price losses this winter. Of course, other factors contributed to the recent rally, highlighted by further forecast decreases to nat gas production due to oil rigs count dropping heavily the past two weeks. For today, national demand will be very light as highs reach the 70s to Chicago but will turn colder Thu-Fri, and then much colder next week.

Very Warm conditions today and Wednesday with highs of 70s to Chicago and 70s and 80s for the southern US.   Essentially, very light demand the next two days before increasing.  

 

8-15 Day Outlook:  Finally rather cold/blue/bullish.

 

Strong cold shots into the US next week, focused over the Midwest.

 

Both the GFS and European models remain rather bullish with forecast HDD’s the next 2-weeks, just with the European model a touch colder comparatively.

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