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Natural Gas Forecast: Technical Breakdown May Accelerate as Fundamentals Wane

Natural Gas Forecast: Technical Breakdown May Accelerate as Fundamentals Wane 2021-03-16 04:30:00 Thomas Westwater, Analyst Natural Gas Forecast – Talking Points Natural gas demand may take big hit on warmer-than-average temperature forecast Seasonal shift in temperature likely to keep pressure on prices from the demand side 200-day Simple Moving Average in focus as trendline break sees prices moving lower The most recent 8- to 14-day temperature outlook from the National Weather Service’s Climate Prediction Center paints an unfavorable picture for natural gas prices. Forecasted temperatures in the northeastern and western portions of the United States will be above average over the next two weeks. The south will likely be cooler than normal. Overall, the expected warmer weather – especially across the northeastern US – will likely weigh on demand, driving natural gas prices lower.

Natural Gas Prices May Rise on Colder Weather Forecast, EIA Inventory in Focus

Natural Gas Prices May Rise on Colder Weather Forecast, EIA Inventory in Focus 2021-03-10 04:30:00 Thomas Westwater, Analyst Natural Gas Outlook – Talking Points Colder temperatures expected across the Southern US next week may lift natural gas prices EIA storage report due out Thursday will likely drive prices going into the weekend Prices look to maintain slight bullish bias if trendline support continues to hold Natural gas may shift higher after an updated temperature outlook from the National Weather Service’s Climate Prediction Center. It showed an increased likelihood for colder-than-average temperatures in the central United States over the next 8 to 14 days. Natural gas is heavily utilized as a heating fuel source making its price highly subject to changes in weather as well as supply and demand factors in the market.

Duluth, Northland Set Record High Temperatures Tuesday

Duluth, Northland Set Record High Temperatures Tuesday It looks like March is going down in the record books! Well, it looks like one March day for sure is going down in them. The Duluth area and surrounding Northland broke records on Tuesday (March 9th) thanks to a nice, warm day that was a far cry from what we saw the month prior. According to several media outlets, including WDIO Chief Meteorologist Justin Liles, Duluth hit a record high of fifty-five degrees on Tuesday, breaking the record high for the date by one degree. Several other areas, like Ashland, Hibbing and beyond, also broke the record for their high temperatures that day. Take a closer look at those details below:

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