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As Celsius Energy continues to grow, costs and the time commitment to keep the site maintained build rapidly. For this reason, I am offering premium features for a small monthly fee to help support the site. These include:
-Daily Commentaries, a 1000-1500 word 5x per week discussion of natural gas fundamentals, trading outlook and strategies
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-Daily natural gas supply & demand data
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Thursday Daily Commentary For Subscribers
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Natural Gas Prices Finally Close Above $4/MMBTU; A Pullback Is Inevitable, But Prices Will Be Supported Long-Term; Oil Rises After Bullish Crude Draw, But WTI Looks Expensive Here; EIA Projected To Announce Very Bullish -254 BCF Withdrawal In Today’s Storage Report, But Watch Out For “Sell-The-News” Action; Gas Demand To Fall Today As Heartland Warms
Thursday, January 16, 2025 This Daily Commentary is available to current Premium Membership Subscribers. Subscribers gain access to these 1500-3000 word commentaries 5 times per week as well as access to my realtime Oil & Natural Gas Portfolio. To learn more about subscribing and helping to support the site, please click HERE. Natural gas prices rallied sharply on Wednesday to finally break above the 4/MMBTU level.
The front-month February 2025 contract rose 12 cents or 2.9% to settle at $4.08/MMBTU, another 2-year high. The T+1 March contract actually outperformed, gaining +3.8%. Meanwhile, the 1x ETF UNG began its monthly rollover on Wednesday, selling front-month February contracts and buying March contracts. The fund now holds 28% March contracts & 72% February contracts and will complete the roll by next Monday. With a steep backwardation between the two contracts, this will, long-term, be a rare bullish roll.
Gas prices continue to be heavily influenced by the coming arctic outbreak next week. A major influx of polar air is still on track dominate the Lower 48 beginning this weekend that could drive daily storage withdrawals near -60 BCF/day and, potentially, a -300 BCF weekly withdrawal for January 18-24. That said, I suspect this arctic outbreak has been fully priced in by this point. Instea...
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Disclaimer: Natural Gas & Oil Storage Projections, Intraday Natural Gas Stats, Renewable Energy Stats, Morning Reports, and fundamental pricing models are released by Celsius Energy as experimental products. While they are intended to provide accurate, up-to-date data, they should not be used alone in making investment decisions, or decisions of any kind. Celsius Energy does not make an express or implied warranty of any kind regarding the data information including, without limitation, any warranty of merchantability or fitness for a particular purpose or use. See full Privacy Policy HERE.