From Celsius Energy (Real Time Estimated Data)
Five Year Average
2099 Current Estimate
1835 Difference from 5 year average 2099 - 1835 =
264 Percent Difference 264 / 2099 = .125 * 100 =
% 12.5 Below 5 yr Average
Great Lakes frozen or very cold. https://www.nohrsc.noaa.gov/nh_snowcover/ No shield now from late season cold snaps for Northeast US until things warm up in April. Some of the best natural price gas rallies in yesrs past happened in spring. The market will react fast if inventories fail to get some decent builds in April/May or a late cold snap in occurs in March. IMO
Natural gas chart shows slight resistance at $4.56 - if that breaks it may go to $5.00
before dropping again with forecasted late Feb. warm-up.