NG Futures and weatherI know this is not a poplar outllook but it's the one I'm going with to bolster my holdings.
I simply don't beleive NG futures can go straight up from now into November and onwards. I've nevewr seen a market work that way.
I prefer a correction before Nov. and then see a very strong winter.
2) Natural Gas has seen a wild hurricane IDA driven spike trade on the very strong but small storm that threaded the needle on halting Gulf natural gas production but keeping LNG export terminals open. A new tropical system coming into the western Gulf this week has the prospects of doing the exact opposite and could cause a sudden change of fortunes for Natural Gas prices into a sizeable correction.
Remember, we are expecting a very mild October which should allow for a healthy injection window ahead. We will be looking to buy Natural Gas on breaks into October ahead of the historic long and cold winter our advanced climate work is forecasting.