Finally, Stronger Cold Shot Midwest & Northeast Today. Then Back to Mild Until Jan 16.

Written by on January 8, 2020 in NatGasWeather - No comments

Wednesday, January 8: Prices have traded both sides of $2.15-16 the past several days, so we look to see which side of it prices trade today. The weather data has been flip-flopping between milder and colder trends the past several days for the Jan 16-21 period as the weather models struggle to determine exactly how much frigid Arctic air over SW Canada will release across the Midwest Northeast. This was again true overnight as the data trended colder Tuesday, only to flip back a little milder overnight. No major changes as after a quick cold shot across the Midwest and Northeast today, an overall rather bearish set up is still on track through Jan 16th. Cold air remains on track to release out of the Rockies and sweep across the Midwest and Northeast Jan 17-20 for a bump in national demand, although where the weather data is really struggling and inconsistent on exactly how much Arctic air will ultimately arrive across the Midwest/Northeast. As such, expect changes in the days ahead until the Jan 17-20 pattern becomes better locked in, with the risk towards colder trends.

 

Image shows heat signature for today as a cold shot sweeps across the Midwest and Northeast with highs of 10s to 30s. It would be more impressive if not for the rest of the US rather mild.

 

Highs today will finally be a bit across the Midwest and Northeast with mainly 10s to 30s.

 

However, mild conditions will return across the eastern half of the country late this week through next week with a return to light national demand. There will be very cold air into the Rockies and Plains that needs watching for Jan 16-21.

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