UK Natural Gas Futures - W-2 24 (NGLNSc1)

monday or tuesday we will cross 3.00 Dollar. I wonder if we than first fall back to maybe 2.90 or if we moon directly from there.

Is the heatwave getting hotter or milder

The price increase is mainly due to early heat wave and last year the price at this time was 2.33…also heat wave is present only in western/southwest US right now and rest of the US is in storm zone and normal zone

The recent unseasonable heat is easing a bit in the Southwest this weekend, but Excessive Heat will build into central California over the next several days. Meanwhile, severe thunderstorms will be possible on Sunday from the High Plains all the way to the coast of the Carolinas, with areas of heavy rainfall possible in the Plains and mid-Mississippi River Valley

Based on the 18z run of the GFS ENS computer model, for the 4 natural gas storage weeks from June 1 to June 28, Natural Gas-Weighted Degree Days (GWDDs)--a composite of heating & cooling degree days and population distribution patterns that estimates the contribution of temperature to natural gas demand--will total 341 GWDDs, 21% above the historical average of 281 GWDDs suggesting that temperature-driven natural gas demand will be elevated relative to seasonal averages. Compared to the computer model run from 6 hours ago, forecast GWDDs have fallen -6 GWDDs or -1.7%.

Realtime Natural Gas Inventories Current Storage : 2985.5 BCF ; Vs. 5-Year Avg +572 BCF (+23.7%) ; Vs. Year Agot+362 BCF (+13.8%) Updated: June 9 2:14 AM

Today's projected +13 BCF injection is 0 BCF smaller than yesterday's 13 BCF build. It is 1 BCF bearish compared to last year's +12 BCF build and 1 BCF bearish versus the 5-year average 12 BCF/day build.

The cold front over the central U.S. is expected to continue advancing south into the southern Plains and east into the southern Mid-Atlantic region on Sunday, bringing cooler temperatures to the central U.S. Forecast high temperatures on Monday are expected to be about 20 degrees colder compared to the expected high temperatures for today. Cooler than average temperatures are also expected for the Great Lakes region where reinforcing cold fronts will move through the region through Monday in addition to showers and thunderstorms. Across the western and southeastern U.S., warmer than average high temperatures are in the forecast through Monday, although a break is coming from some of the excessive heat experienced over the past few days across California, the Desert Southwest and Texas. A cold front will move through the West over the next couple of days which will bring some relief from the high temperatures along with an increasing coverage of showers and thunderstorms.

2.96 to 2.98 , expecting the open price

2.97

Will be horrible gap up )

Monday opening price

There is a must for us to short at 2.000 as 1.000 will come shortly.

Short its Froggy Ash.

Foundamentals are very bullish , chart got the 200 MA therefore are neutral , short term temperatures forecast are neutral , powerburn bullish !! I will buy the coming retracement !!

Short Range Forecast Discussion NWS Weather Prediction Center College Park MD 345 PM EDT Sat Jun 08 2024 Valid 00Z Sun Jun 09 2024 - 00Z Tue Jun 11 2024 ....Dual threats of severe thunderstorms and flash flooding this evening through Saturday night across the central High Plains into the southern Missouri... ...Temperatures will be above average for the West and Southeast while it will be cooler than average from the central Plains into portions of the Great Lakes and Northeast through Monday... Higher end threats for severe thunderstorms and flash flooding will exist this evening into early Sunday morning across the central U.S. Anomalous moisture is already in place from the central High Plains region, eastward across Kansas into southern Missouri near a cold front in the region.

I heard a numb nut telling us to buy back at 3.40 the “well heads” that he had secret info about pressures were dropping and a suprize coming and same BS putting out now. It went 180 for test if last year. Dont believe anyone here. They make it sound good.

Citigroup was waiting on clarity of the summer weather and production, part of the overall market sentiment that would cause a Rectangle Pattern, but they cited the up/down side risk that they were looking at, ( ball is in the bulls court, T/P or push higher)

The 5 year storage average is the biggest nonstory of the century but still talked about so much. Do you know the storage changes weekly by a few hours of gas consumption. Thats right hours! Demand is 30 trillion a year in the USA. Total natural gas storage annual range is 30-40 days. Crude oil storage is 7 years.

don't be an Ab Mu: there is a clear trend, just follow it

We all know that everyone must get ready to greet the honorable 2.000.

Rectangle Pattern 4th one in two years

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China set a strict condition for Russia to sign a contract with a gas supply price no more expensive than domestic gas prices in Russia, which now amount to $1.9/Mbtu, and also many state-companies have a -20% discount on this price, China argues that otherwise it will drill its own wells at its huge new fields on land and on the sea. shelf

in Henry, about a hundred companies have their own large-scale wholesale gas supplies from wells with a price of no more than $1, and/or large wholesale of their own associated gas production - and they all sell their gas in Henry, therefore AGDC signed an agreement with Pantheon Resources plc to supply gas at a price of $1 per million Btu or less.