Colder Trends Nov 2-5, But Nov 6-10 Pattern Bearish.

Written by on October 26, 2018 in NatGasWeather - No comments

Friday, October 26:  While a weather system into the central US and Midwest Nov 2-5 has trended colder in recent days, the Nov 6-10 set up is rather bearish with cold air locked over Canada and a mild ridge dominating much of the country. We continue to look towards Nov 12-14 for the next opportunity for stronger cold shots to return to the northern US. Prices are lower today on many factors including yesterday’s bearish EIA report/reclass, bearish end of weather model runs, record production, and negative roll as Dec’18 is about to take over at a higher price.

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