There were no major changes to the temperature outlook overnight, with the American and European weather models trending warmer around the middle of next week but shifting slightly cooler for the Nov. 19-21 time frame, according to the firm.
Forecasts continued to show “exceptionally light demand” for the remainder of the current week before a transition to higher demand this weekend into next week as chillier temperatures move over the Great Lakes and Northeast, the firm said.
“The forecast reflects this typical response,” the firm said. “However, lower confidence is in the South and East versus elsewhere, as associated pattern correlations lack directional significance here.”
Forecasts continued to show “exceptionally light demand” for the remainder of the current week before a transition to higher demand this weekend into next week as chillier temperatures move over the Great Lakes and Northeast, the firm said.
“The forecast reflects this typical response,” the firm said. “However, lower confidence is in the South and East versus elsewhere, as associated pattern correlations lack directional significance here.”
Comment:
weather is expected to remain warmer than normal throughout most of the U.S.
Comment:
Short-term traders may try to take advantage of a break under $4.956 by following the increasing downside momentum.
Trade closed: target reached:
Target has just reached!
Comment:
Benchmark natural gas traded lower early on Friday as long-term forecast see mild weather for most of the country, easing heating demand.
Trade closed manually