Welcome to the cold blast edition of Natural Gas Daily!
In winter gas trading, the algos pay more attention to heating demand changes while the physical gas traders pay more attention to the trend change in the weather models.
And in the latest update in particular, ECMWF-EPS gained ~10 TDDs over the last 24 hours only to see natural gas prices sell-off. We have a confluence of factors that are making us extremely bullish on natural gas prices in the near-term today.
- Record short positioning from money managers via CFTC positions.
- Cold blast forecast with