Daily Market Report – November 20, 2020

Daily Market Report – November 20, 2020

The EIA reported a 31 Bcf injection yesterday. This was well above analyst expectations, and added to the bearish tone already in the market. Today’s overnight forecast was mixed. The GEFS Ensemble lost 6.6 TDDs, while the Euro Ensemble gained 3.1 TDDs. With all the...
Daily Market Report – November 19, 2020

Daily Market Report – November 19, 2020

Nat gas markets looked to be in free fall this morning, as it passes through some key technical support levels. The sell of started early this morning at 1:52am, which looks to coincide with the release of the Euro Ensemble. As a reminder, the Euro Ensemble 00z starts...
Daily Market Report – November 18, 2020

Daily Market Report – November 18, 2020

Another big change in weather this morning’s 00z run. Both the GFS Ensemble and Euro Ensemble trended cooler. The GFS Ensemble added 13.4 HDDs with all by 3 out of the days trending cooler. The Euro Ensemble added 15.9 HDD with almost all days cooler in the 15D...
Daily Market Report – November 17 , 2020

Daily Market Report – November 17 , 2020

The market continues to be fixated on the wild changes in the 15D weather forecast. Yesterday, the prompt month fell 29.8c. This morning the forecasts are mixed. The Euro Ensemble shows some further warming in the 6-10 day range, while the GFS Ensemble adds some HDD...
Daily Market Report – November 16, 2020

Daily Market Report – November 16, 2020

Natural gas prices are down 5% this morning with a big warming trend showing up in weekend weather runs. The GFS Ensemble was the big mover that lost 26 TDDs vs Friday 12Z run in today’s 00z run. There was not much movement in the Euro Ensemble, but traders seem to be...