Can someone please tell me what in the world Nat Gas has to do with everything? I hear this all the time & I don't have a clue about it. I mean I can pick up on the basics. Warm temps makes it go down, cold makes it go up..
But do people actually give that weight in the long range forecast? Not being sarcastic here.. Genuine question.
1. NG in winter almost always goes up (down) when the 2-3 week forecasts for the E US look colder (warmer).
2. The NG market is very heavily influenced by the forecasts given by reputable objective forecasters as opposed to those with a cold bias like JB.
3. So, NG movement is a reflection on how things are looking, not the other way around. The point on mentioning NG is that it shows how the reputable pro wx community is seeing things in their forecasts. Thus it’s an excellent barometer in that way. When models and thus forecasts start coming in colder, NG will rise.
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