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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
-Advanced weather modeling data
-Access to Celsius Energy's oil & natural gas portfolio.
-Daily natural gas supply & demand data
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Wednesday Daily Commentary For Subscribers
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Natural Gas Reverses Early Losses To Finish Nearly Flat In Win For The Bulls; Late December Temperature Outlook Yet To Come Into Forecast As Forecast See-Saws; Oil Rises On China Demand Recovery; EIA Expected To Announce Bullish Crude Drawdown, But Bearish Refined Product Data, In Today’s Petroleum Status Report; Gas Demand To Surge Today As Reinforcing Artic Air Arrives Across The Midwest
Wednesday, December 11, 2024
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.
After gapping down more than 3% early on Tuesday, natural gas reversed higher into the afternoon. After trading as low as $3.07/MMBTU early, the front-month January 2024 contract ultimately closed down just 2 cents or 0.6% at $3.16/MMBTU. Natural gas ETFs outperformed due to some additional gains after the 2:30 PM close of floor trading with 1x UNG adding +0.3% and 2x BOIL +0.1%. BOIL now holds 60% of its funds in the less volatile March 2024 contracts as it continues its every other month rollover, which will conclude tomorrow. The early gap lower and subsequent rally were both primarily driven by fluctuations in the near-term temperature outlook. Early-morning losses were promoted by a continued warming trend in the mid-to-late December temperature outlook. Prices then recovered in the afternoon after both the GFS and ECWMF again trended colder for the December 20-24 period, similar to what was seen over the weekend. As shown in the Figure to the right, Gas-Weighted Degree Days (GWDD...
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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.
