It's going to be relatively warm to normal through the 10-day forecast. Storage is relatively healthy. Everything is pointing to the downside.
Gas has come off those higher prices since it looks like it's only going to be a temporary thing.
If everything is online in two weeks, we would have downward pressure on the market.
To a large degree, it's a result of the oil market. Crude oil is approaching all-time highs here. That should support natural gas.
Crude oil is approaching all-time highs here. That should support natural gas. I don't think natural gas is going to go lower with crude oil trading near its all-time highs.
We've got seasonal temperatures with perhaps a bit of colder weather toward the end of the 15-day forecast, but we should have sufficient gas to deal with that.
When that comes back, it will be a big issue.
