Weekend Weather Data Trend Milder

Written by on March 30, 2020 in NatGasWeather - No comments

Monday, March 30: The weather data trended cooler late last week, especially in the European model. However, the weekend data reversed course and flipped back milder with both the GFS and European models both losing a rather hefty 15 HDD’s. Much of the warmer trends occurred across the northern US for late this week through the following week, April 3-10th. Overall, with only weak cool shots forecast across the northern US the next 15-days, the pattern looks relatively bearish due to very little subfreezing air into the northern US, while also very comfortable across the southern US with highs of upper 60s to 80s, combining for light national demand. While there were bearish weather trends in the weekend weather data, it again might be difficult to know how much they’re influencing prices with so many other major factors also impacting nat gas prices, such as COVID-19 lockdowns, oil wars, financial stimulus, and huge daily percentage moves in oil, gold, and equities.

 

The weekend European model trended steadily milder, losing more than 15 HDD’s vs Friday’s data

 

This week. Weak cool shots across the northern US will bring rain and snow, although just not very cold with highs still reaching the 40s to 60s and very little coverage of 30s. The southern US will be near ideal with highs of upper 60s to 80s.

 

The weather pattern April 7-14 will bring weak cool shots across the far northern US, otherwise very comfortable elsewhere with highs of 70s and 80s across the southern US and 50s and 60s from Chicago to NYC.

Leave a Comment