Austrian CEGH VTP Natural Gas Futures forum

5 hours ago

NG1im hearing that the amount of nat gas in storage, what’s in the gas tank is at a 5 year low, because of the colder weather in the USA and demand last contract, the amount used has to = the price, if more was used then price will go to the amount left in the tank, it sounds like that is 4.05 a unit,

then the news says hot summer coming = more demand,= higher price, if that un folds then prices could go higher or we may see the 4.00 for a while, as the gas tank needs to be topped up, so short term down, long term nat gas is bull, as we need more power, Wednesday will be interesting, lets see how it plays out good hunting all

yesterday

seasonally nat gas typically pulls back to mid march, then it typically rallies into the summer as power demands for cooling are more, Wednesday the nat gas contract renews into April as its forward looking, they buy the gas ahead of the next month, we are heading into spring, I think this was the last push up for winter demand as USA had cold temps = higher demand the last month, looking at the weather over the next week looks like warmer double digits mainly, if gas closes below 3.913 on the week TF id say down to what level hard to say but the 3.20 level looks like a target, time to short gas I think so, good hunting all