What has changed explainedThose that are wondering, I have gone to the Bull side , and now recovering previous losses.
The recent unexpected outages of nuclear plants last week is going to increase powerburn and limit the injection number tomorrow. The european weather models are just not being accurate and keep getting revised to colder every day. The NA models pointing to a colder than normal Dec and Jan., That is the lower storage level will play in traders minds that this price in Jan NG is too low, and that is what we at HNU and HND are trading off already. Jan NG is going to go to $6 or $7 or even more . Why, because there is a lot of Nuclear reactors that are presently down on scheduled re-cores like Browns Ferry and Sequoyah facilities. TVA also has shut down and demolished a huge coal facility Willow Creek that will not be coming back, so more demand for NG when Nuclear is down for a while.