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TFC Commodity Trading Forum

Re: weather Nov 7-14
In Response To: Re: weather Nov 7-14 ()

Yes, you have a point, but the windows were open in the western part of the main natural gas belt, so off-set. I think even more importantly, the upcomimg forecast is Indian Summer time with even some severe thunderstorms raking much of the eastern 2/3 later in the week. The warm forecast will trump any localized slight chill in the NE following the snowstorm. Hell, it's probably melting away already! Bottom line, after market participants settle on a number for the EIA this week, the forecast of warmth will stymie any rally, or move up, like we had in 15 minutes on Friday morning. I think, in fact, that we head down to near where the Nov. went off the board in due time.