Daily Market Report – November 10, 2020

Daily Market Report – November 10, 2020

The first time in over a week temps showed some signs of more cool weather. The GFS Ensemble 00z show a couple of extra TDDs across the 15D period, while the Euro Ensemble showed more cool weather in the first 10 days only.         As of yesterday,...
Daily Market Report – November 9, 2020

Daily Market Report – November 9, 2020

The winter strip saw a massive sell-off last week with one bearish temp forecast after another. The summer did not fall to the same degree, leading to the over all curve flattening.   Despite consumption falling with warmer temps, there have been some...
Weekend Market Report – November 08, 2020

Weekend Market Report – November 08, 2020

This week we start to take a look at how the weather has taken the driver seat in moving price daily. Since the close of last week, we have seen one warm forecast after another show up leading to prices cratering, despite three EIA storage numbers that pointed to...
Daily Market Report – November 6, 2020

Daily Market Report – November 6, 2020

Yesterday the EIA reported a -36 Bcf withdrawal, which came in more bullish than analyst expectations. This was the 3rd report to show tighter fundamentals than the market had been expecting. The price action yesterday disregarded the storage number and seemed to...
Daily Market Report – November 5, 2020

Daily Market Report – November 5, 2020

Despite more warmth showing up in the 15D forecast, market prices are higher this morning. The Dec contract rallied above 3.11 this morning, but has since come off. The last two storage reports have indicated a tighter than expected number, and this week the analyst...