2023 / 2024 Winter WeatherA surprise is in store for the Nat Gas market for the coming winter. Most are calling for a warm El Nino in North America and Europe.
Difference is this will be a Modoki EL nino which is already forming in the Pacific.
(This is from Eric Hadik, advisor to hedge funds primarily on softs)
The combination of a El Nino Modoki and a strong negative QBO(Quasi Biennial Oscillation) supports a cold central/eastern based US winter starting in January with a warm December preceding it and lasting well into mid April.
Epic heavy nor'easter snow potential exists for the Northeast/Mid-Atlantic and SE US stemming from a very warm Atlantic and positive Atlantic multi-decadal oscillation(AMO).
Europe will have a long cold snowy winter that will rekindle the worry over precarious supplies of LNG. They will not be blessed with another warm winter.
(I've made good $$ folowing his advice and will go long,averaging in.)