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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 tem...

Natural Gas Outlook: Bears in Firm Control after Warmer Weather Forecasts 2020-12-29 04:30:00 Thomas Westwater, Analyst Natural Gas Talking Points EIA inventory storage levels remain supportive of lower prices in the near term Technical structure offers little for upside movement in the heating gas’s chart Advertisement Natural gas prices fell to a new multi-month low earlier this week. NYMEX prices are now only days away from securing the largest monthly drop since December 2018, with the current month...