- The storage withdrawal season so far, despite a bullish supply/demand imbalance, has been underwhelming due to unseasonably mild temperatures, locking natural gas prices rangebound between $2.50-$3.00/MMBTU.
- This could change over the next 2-3 weeks with a significant pattern shift increasingly likely that could bring bitterly cold temperatures to the Lower 48, boosting natural gas heating demand.
- This article discusses the likely impacts of the coming cold on natural gas storage in the near- and long-term, and my trading strategy.
For further details see:
Winter Is Finally Here: What The Upcoming Arctic Blast Means For Natural Gas