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These include:
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--> Celsius Energy Portfolio Holdings (Subscribers)
...Among others.
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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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Early-Session Natural Gas Rally Fails As Investors Eye Cooler Temperatures By Mid-December; Oil Drops On Continued Fallout From Last Week’s Voluntary OPEC+ Supply Cuts; EIA Expected To Announce Neutral Petroleum Status Report Today; Gas Demand To Rise To Near-Term High Today As Cooler Conditions Expand Along The Eastern Seaboard With Near-Average Daily Storage Withdrawal Expected
Wednesday, December 6, 2023
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.
A solid early-morning rally floundered and natural gas prices squeaked out a tiny gain by the time the dust settled. After trading up over 3% early to as high as $2.79/MMBTU, the front-month January 2024 contract ultimately closed up just 2 cents or 0.6% at $2.71/MMBTU. The bearish narrative remains the same and continues to pressure prices: natural gas production is holding close to all-time highs, countering gains in exports and powerburn while the near-term term temperature outlook remains unseasonably mild.
While there is no arctic air in the forecasts, yesterday’s early-session strength was driven by growing indications from the near-term computer models that, by the third week of the month, temperatures might become a little less bearish with waves of cooler temperatures driving Gas-Weighted Degree Days (GWDDs) that are closer to long-term averages. The net result will be projected daily storage withdrawals greater than -15 BCF/day that are close to the 5-year average, a...
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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.
