• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days China's aggression is changing the nature of sovereignty.
  • 4 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 2 days Ukrainian Maidan after 8 years
  • 3 days OPEC+ Expects Large Oil Glut In Early 2022
  • 2 days Delta variant in European Union
  • 3 days Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 13 hours Communist China Declared War on the US Long Ago Part 1 of the 2-part series: The CCP's War on America
  • 3 days Forecasts for Natural Gas
  • 3 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 4 hours President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 17 hours Сryptocurrency predictions
  • 3 days NordStream2
  • 3 days CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 4 days Big Bounce: Russian gas amid market tightness - new report by Oxford Institute for Energy Studies
Jim Hyerczyk

Jim Hyerczyk

Fundamental and technical analyst with 30 years experience.

More Info

Traders Brace For OPEC Update

Natural Gas Outlook

A two-week short-covering rally triggered a surge in March 2015 Natural Gas futures, but a change in the fundamentals and a strong technical price level ended any hope of a return to prices levels not seen since late June, early May and late February.

March Natural Gas futures jumped a little over 22% from October 27 to November 10 on expectations the colder-than-normal temperatures hitting key demand areas in the East Coast and the Midwest would linger into the start of the official winter season in December. Temperatures may have dropped last week, but the way natural gas came off its high at 4.461, it doesn’t look like speculators believe this year’s winter will equal or exceed last year’s deep freeze.

Traders will have to get used to these sudden, short-term spurts because it looks as if a potentially bullish longer-term forecast for extremely cold, lingering temperatures doesn’t exist at this time. Because of this, the upside potential for the market appears to be limited this winter.

Last year at this time, speculators were able to buy natural gas futures and hold on for the duration of the winter season because the “polar vortex” created a longer-term, seasonal buying opportunity. This year, however, the current longer-term forecasts are predicting periods of intense cold, but nothing to suggest the frigid temperatures would remain for the duration of the winter season.

From…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News