Natural Climate Cycle Winter and Natural Gas UpdateI listened to a 30 minute complex update on weather, Nat Gas USA reserves and the increased demand since the last cold winter of 2013/14.
The reserves are lower, the demand is higher and the forcast is for a colder winter than 2013/14.
The crash in Natural Gas prices that we thought would occur in October on our warm temperature forecast has finally occured now offering the ideal set up for hedgers and traders alike in the April contract.
It appears that between now and the next 7 days is an ideal buying opp.
The Dec. contract could go as low as $4.50 but that would be a bottom over the next week.
There is a NAO (North Atlantic Ocillation) which is seeting up now for a cold snap to come very soon.