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Natural Gas Forecast: Prices Boom on Binary Cold Weather Events 2021-01-12 04:30:00 Thomas Westwater, Analyst Natural Gas Talking Points EIA inventory levels move closer to five-year average after 130 Bcf drop Technical posture improves with a bullish SMA crossover nearing completion Natural gas prices rose roughly 2% on Monday after an updated US temperature outlook from the National Weather Service’s Climate Prediction Center bolstered demand expectations. The 8-14 day temperature forecast shows colder than average temperature expectations across the Northwestern United States as being likely. Record and near record frigid cold temperatures across Northeast Asia late last week are also helping to push prices higher after heating demand sapped inventory levels in the region, leaving suppliers strained and looking outside conventional supply chains to meet demand. The Hong Kong Observatory on Friday is

United statesHong kongThomas westwaterNational weather service climate prediction centerNatural gas talkingNational weather serviceClimate prediction centerNorthwestern united statesNortheast asiaHong kong observatoryOutlook temperatureNatural gas storage reportGas technical forecastSimple moving averageஒன்றுபட்டது மாநிலங்களில்ஹாங் காங்