Can natural gas continue to rise?

Market Pulse: November 20


Will 2013 bring another spike in NG? Anything in these markets is possible these days. However, will NG supplies be an issue for 2013? Let’s have a look.

Natural Gas inventories finished the 2012 Storage Injection season on October 31, 2012 at the record level of 3,923 billion cubic feet (bcf). This reflects a 3.0% year-over-year increase over 2011 inventories and is 6.8% above the five-year average ( For demand to increase, we will need to see a cold winter here in Chicago and the rest of the North. Now, while I do not think we will have as mild a winter as last year here in Chicago, this Thanksgiving week is more mild than usual. Temperatures here in Chicago on Thanksgiving Day are forecast in the mid 60s with a possible temperature of 70. This may be the warmest Turkey Bowl my kids have played in.

To end this week’s Market Pulse I want to wish you and your loved ones a very safe and happy Thanksgiving holiday. 



Have a prosperous trading week.

To read my market views daily you can follow me on Twitter at

<< Page 3 of 3
comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome