the forecast maps are getting warmer than averageAll the continental USA is going to be warmer than average for the next 15 days and there is no extreme cold snaps all the way to end of March.
We will see an increase in drawdown to around normal levels for the next report on Thursday but that weather is over and history. The market is looking like it cannot find a quiescent point on the downtrend, so I expect when the trading starts tomorrow it will be a big down.
It's a leap year so I think the last day of March NG trade is 24th Feb.
What April NG has in store with a record storage glut looming and a mild southeast all the way to the four corners desert states is low peak demand and the north fringe states will be mild too, therefore shortening the final heating season. with alternatives picking up bigger market share.
The bottom is not in and the sell off is not over done, there is a fundamental reason behind the sell off...nobody needs this much NG.