Very Comfortable w/Light Demand to Open Week, But….

Written by on April 8, 2019 in NatGasWeather - No comments

Monday, April 8:   The next couple days will be very comfortable for most of the US besides the far northern US, as the image shows.  With highs of 70s and 80s, including 70s to Chicago, national demand will be much lighter than normal Mon-Tue.  Also of interest, the data had trended colder all last week for mid-April, and continued to do so into Friday’s close, especially the European model.   However, in Friday’s mid-day update we mentioned we were concerned the data had trended too cold for mid-April and might give a few HDD’s back over the weekend, which it did.   The coming pattern is still expected to be quite active going into late April with periods of cooler than normal conditions across the western, central, and northern US, just with the weekend data not quite as cold with a weather system next weekend and also better locking onto a mild break between cool shots across the Great Lakes/Ohio Valley and East April 16th and 18th.   May’19 HH futures prices are currently 2-3 cents higher so far today, but not from colder trending weekend weather data since both the GFS and European models lost nearly 20 HDD’s.

Weekend cool shot sweeps across the country.

 

The weekend weather data was milder trending April 16-18 by seeing a more pronounced break across the Ohio Valley and East to lose numerous HDD’s.

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