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Daily Commentaries For The Last 30 Days:
Monday, December 9, 2024
Mild With Cold Interludes Or Cold With Mild Interludes? After Sharp Weekly Pullback, Natural Gas Prices Poised To Rally On Speculation Of Colder Late-December Temperature Outlook; Gas Demand Falls Over The Weekend On Nationwide Warm-Up, But Is Poised To Spike Mid-Week Behind Quickhitting Shot Of Arctic Air
Friday, December 6, 2024
Natural Gas Prices Rise Despite Disappointing EIA Storage Injection As Investors Look Past Near-Term Bearishness Towards Late December & Early January Heating Demand Prospects; Projected End-Of-Season Storage Minimum Rises; Gas Demand To Peak Near-Term Today As Core Of Arctic Airmass Reaches The Southeast; Bullish Storage Withdrawals Expected For The Next Two Weeks
Thursday, December 5, 2024
Natural Gas Stages Mid-Day Reversal To Avoid Third Straight Loss As Dip-Buyers Step In; Oil Falls Ahead Of OPEC+ Meeting Despite Solid Petroleum Status Report; EIA Projected To Announce -44 BCF Withdrawal In Highly Uncertain Holiday Week Natural Gas Storage Report; Gas Demand To Rise Sharply Today As Reinforcing Arctic Airmass Expands Across The Midwest
Wednesday, December 4, 2024
Natural Gas Sells Off Again As Weather Premium Quickly Melts Away; This Market Is Not Broken And Prices Are Approaching An Attractive Entry; Oil Rises On Expected Delay In OPEC+ Unwinding Production Curbs; EIA Expected To Announce Bearish Crude Oil Build In Today’s Status Report; Gas Demand To Dip Today As Temperatures Briefly Warm Ahead Of Next Arctic Shot
Tuesday, December 3, 2024
Natural Gas Pulls Back Sharply As Mid-December Pattern Shift Becomes Increasingly Likely & Production Rises; Gas Demand To Inch Slightly Higher Today As Arctic Airmass Expands Into The Southeast
Monday, December 2, 2024
Natural Gas Rallies To Wrap Up Holiday Week On A Strong Note, But Prices Are Poised To Pullback To Open December After Mid-Month Temperature Outlook Moderates; Gas Demand To Remain Strong Today As Arctic Airmass Remains Entrenched Across The Eastern US
Friday, November 29, 2024
Natural Gas Pulls Back Sharply In Wednesday Trade After Small EIA Storage Withdrawal Fails To Inspire & December Temperature Forecast Warms; Gas Prices Look To Bounce Today As Forecast Pivots Back Colder But Don’t Bet The House On A Sustainable Rally Just Yet; Gas Demand To Soar Today As Arctic Air Rapidly Expands Eastward; Bullish Triple Digit Withdrawal Likely Next Week As Cold Air Sticks Around
Wednesday, November 27, 2024
December 2024 Contract Expires At 52-Week Highs; January Contract Could Face Rude Welcome As Investors Eye Second Week Of December Temperature Outlook; EIA Projected To Announce Bearish -1 BCF Withdrawal In Today’s Early Storage Report; Gas Demand To Hold Roughly Steady Today Ahead Of Next Reinforcing Short Of Arctic Air
Tuesday, November 26, 2024
Natural Gas Surges To Fresh 52-Week Highs, But Questions Remain About December Temperature Outlook; Celsius Energy Portfolio Rises To 2024 Highs Prompting Profit-Taking; Gas Demand To Rise Sharply Today As Colder Air Expands Into The Midwest
Monday, November 25, 2024
Natural Gas Retreats In Wild Friday Session But Is Poised To Trade Higher To Start The Week As December Outlook Remains Cold; Higher Production Leaves Rally Highly Vulnerable To Warming; Gas Demand To Rise Today As Colder Air Begins To Expand Out Of The Rockies But Mild East Ensures Another Bearish Daily Withdrawal
Friday, November 22, 2024
Natural Gas Surges To 52-Week High After Surprise EIA Storage Withdrawal & Chilly Early December Temperature Outlook; Buyers Beware: Natural Gas Overvalued & Priced For Perfection At These Levels; Gas Demand To Rise Today As Chilly Temperatures Extend Into The Southeast; Demand To Moderate This Weekend Before Rising Further Next Week On Reinforcing Shots Of Canadian Air
Thursday, November 21, 2024
Natural Gas Prices Spike As Investors Cheer Colder-Than-Normal November & December Temperature Outlook And Higher LNG Exports; Oil Prices Dip After Modestly Bearish Petroleum Status Report; Beware, Natural Gas Now Priced For Perfection; EIA Projected To Announce +3 BCF Injection In Today’s Storage Report, But Don’t Be Surprised To See A Small Withdrawal; Gas Demand To Jump Today As Colder Air Expands East
Wednesday, November 20, 2024
Natural Gas Rallies to 5-Month Highs on Colder-Than-Normal Early December Temperature Outlook & Higher LNG Export Demand; Oil Prices Recover From Early Losses After Russia-Ukraine Escalation; EIA Expected To Announce Crude Oil Inventory Build, But Gasoline Drawdown, In Today’s Status Report; Natural Gas Storage Withdrawal Season Kicks Off Today As Colder Temperatures Race Eastward
Tuesday, November 19, 2024
Natural Gas Surges On Potential Late November Cold Snap & Higher Global Prices; Celsius Energy Portfolio Reaches New 2024 High; Natural Gas Demand To Edge Higher Today As Cooler Temperatures Begin To Expand Into Great Plains; ]Inventories Likely To Peak For The Season Today
Monday, November 18, 2024
Natural Gas Poised To Build On Friday’s Gains Early This Week After Mid-To-Late November Pattern Shift Looks Increasingly Likely; Rallies Remain Vulnerable As Investors Also Eye Rebounding Production & Fundamental Overvaluation; Gas Demand To Hold Steady Today As Unseasonably Mild Pattern Across The East Extends Injection Season; Withdrawals Set To Begin In Earnest By Mid-Week
Friday, November 15, 2024
Natural Gas Prices Pull Back Sharply After Neutral EIA Storage Report Fails To Distract From Higher Production & Milder Late-November Temperature Outlook; Gas Demand To Dip Slightly Today As Temperatures Moderate Across The East; Another Small Injection Is Likely This Week Before The Withdrawal Season Belatedly Kicks Off Next Week; Season-Ending Storage Minimum Projections Now Available
Wednesday, November 13, 2024
Natural Gas Prices Poised To Pullback After Big Move Higher After Production Rebounds Some, But Longer Term Outlook Remains Solid; Mid-November Pattern Shift Remains Likely; Gas Demand To Rise Today As Colder Temperatures Expand Into Mid-Atlantic; Small Daily Storage Withdrawal Is Likely Today, But Inventories Haven’t Peaked Yet
Wednesday, November 13, 2024
Natural Gas Prices Poised To Pullback After Big Move Higher After Production Rebounds Some, But Longer Term Outlook Remains Solid; Mid-November Pattern Shift Remains Likely; Gas Demand To Rise Today As Colder Temperatures Expand Into Mid-Atlantic; Small Daily Storage Withdrawal Is Likely Today, But Inventories Haven’t Peaked Yet
Tuesday, November 12, 2024
Natural Gas Surges In Best Day Since February After Production Tumbles & Later-November Temperatures Trend Colder; Celsius Energy Portfolio Surges To Year-Over-Year Gains; Widening Overvaluation Puts Pressure On Temperature Outlook To Verify; Gas Demand To Rise Today As Colder Temperatures Briefly Sweep Into The Northeast
Monday, November 11, 2024
Natural Gas Poised To Rally To Start The Week After Late November Temperature Outlook Cools & Production Drops, But Any Gains Will Be Vulnerable; Gas Demand To Edge Slightly Higher Today But Daily Injections Continue Despite Traditional Start To The Withdrawal Season As Broadly Mild Pattern Continues For Another 7-10 Days
Friday, November 8, 2024
Natural Gas Dips But Finishes Off The Lows After EIA Reports Bearish & Larger-Than-Expected Injection; Inventories Back At 5-Year Highs; Weather Will Make Or Break Natural Gas Prices Over The Next Month; Gas Demand To Edge Higher Today As Early-Season Rockies Snowstorm Supports Heating Demand; Bearish Storage Builds Expected This Week & Next As Injection Season Gets Extension
Thursday, November 7, 2024
Natural Gas Rallies Again On Mishmash Of Catalysts, But I’m Still Skeptical; BOIL Reverse Splits; Oil Prices Blunt Early Post-Election Losses After EIA Reports Bullish Crude Build But Bearish Refined Product Data; EIA Projected To Announce Bearish +63 BCF Natural Gas Storage Injection Today; Gas Demand To Rise Slightly Today As Historic Snowstorm Pounds New Mexico
Wednesday, November 6, 2024
Natural Gas Erases Monday’s Gains In Red Tuesday Session As Investors Eye Election Results & Continued Unseasonably Mild Temperature Outlook; EIA Expected To Announce Mildly Bullish Crude Oil Storage Build But Bearish Refined Product Draws In Today’s EIA Petroleum Status Report; Gas Demand To Rise Slightly Today As Cooler Conditions Move Out Of Rockies, But Another Bearish Build Still Likely
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