• 9 hours The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 7 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days Demonising fossil fuels has caused major grid problem in Australia
  • 1 day "...too many politicians believe things that aren’t true." says Robert Rapier
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 4 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 328 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 6 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
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