FUNDAMENTALS: • WEATHER. The latest weather forecasts look more bearish than they did on Friday. Sunday EC12z and GFS12z runs look warmer than they did on Friday, but deviation from norm still has a bullish inclination. Positive equatorial sea surface temperature anomalies continue across most of the Pacific Ocean. A strong El Niño is expected to gradually weaken...
Latest projections for January. Consumption: 3,228 bcf. Dry production: 2,274 bcf. Implied national balance: -954 bcf