NATGAS Long post, sorry xD A bit to expect for this year.
There's a fair bit to consider with Natgas this year, and even right now. We're testing $3, a bounce was expected as order at $3 and $2.999 get picked-up. We've been heading down for many days now, roughly a 22% drop so far. There are 5 export terminals / extensions coming online this year, which will add to the US export capacity, supporting price from a major fall back to the low 2s. The newest is due soon.
Tracking production will be key for the next 4 years as Trump attempts to push producers to bring more online. If he's successful, all bets are off and we could revisit $2 or even lower, depending on how it plays out.
The weather seems pretty bearish for Natgas demand. The upcoming EIA report forecasts are interesting, somewhat reflecting that.
We discussed a lot of the above points and expected the bounce today in our new Natgas Patreon community.
I've still had a few people messaging me asking for the link. It's in my profile, and also below. We're 60 strong community at the moment. Looking to expand into Forex, other commodities and sharing trading methodologies amongst each other. All are welcome, except snitches
NATURALGAS If Orange Tariff Monkey wants to exclude NatGas from Canadian Tariffs then maybe Canada should get off our asses and build the infrastructure to sell more overseas. Because it seems he does need something from Canada.