Welcome to the massive divergence edition of Natural Gas Daily!
There's a massive disagreement in the weather models right now, and the fate of where natural gas prices go will be determined by which one wins.
ECMWF-EPS and GFS-ENS have very different views at the moment for where the weather is trending. For GFS-ENS, the blocking pattern in Canada persists, which then leads to a pronounced cold in the Northeast. This spikes HDDs and is bullish for natural gas.
Source: HFIRweather.com
But, for ECMWF-EPS, the blocking pattern is not there in Canada, so the cold