HND is the trade September 18-25rd: Very comfortable weathe
HND is the trade
September 18-25rd: Very comfortable weather conditions will cover much of the US through the weekend with only the New England remaining somewhat chilly. With highs of 70s and 80s covering most regions, nat gas demand will be lower than normal. A fresh weather system and cool blast will sweep through the Midwest and Northeast early next week with comfortable temperatures pushing into the Southeast.
https://www.cpc.ncep.noaa.gov/index.php
https://www.accuweather.com/
https://www.nhc.noaa.gov/gtwo.php?basin=atlc&fdays=2
The natural gas markets initially rose during the course of the week, but as you can see gave back all of the gains in order to form a nasty looking shooting star. The nasty shooting star of course suggests that we are going to have selling pressure, but we also recognize that the $3.75 level has been supportive for some time now. We also recognize that all the way down to the $3.60 level that there is significant support. Because of this, we don’t really see much in the way of a long-term trade at the moment.