Today
A little bit disappointing with CR closing at $0.415 despite touching $0.435 today.
However, lots of good news.
- Henry Hub was up today.
- The entire Henry Hub Futures Chain is above $2.90 for 2021, and goes below $2.90 only after March 2022.
- At the end of this week, we might be done with natural gas injection. Starting to draw sooner than prior years if the temperature is on our side?
- LNG exports are at 8Bcf, with more room to go higer.
We did not get the price action on CR today, but the seeds are planted to go higher. I hope the buyer of the last few days is not done accumulating a position. :-)
Let's hope for a long and cold winter in North America and Europe.