This Is The "Big Weather Pattern Change" That Is Sparking The Massive NatGas Rally

Having collapsed to record lows last week, NatGas futures have soared almost 40% as record warm temperatures in the Northeast (and a record glut) have given way to forecasts of a "big weather pattern change" in January.

As The European Centre for Medium-Range Weather Forecasts notes, January will see a huge flip in temperatures compared to December...

From 'Hot' to 'Not' 

h/t @DanLeonard_wx

And it appears February Nattie is pricing that demand in...

In fact, as WLKY reports, in past El Ninos that peaked early like this year and had the core the warm water in the Pacific out in the central part of the ocean... like this year...  the last half of winter was much colder than the first half of winter 90% of the time.

Bye Bye Q1 GDP!!

Comments

[Vinividivinci]

"don't care why"...nuff said !

[SmittyinLA]

Forget the US, nothing is linked to gas here anymore, look at the EU and the last ElNino, dry, windy, African drought, freezing dry cold winters with no snow for years, bad harvests bad timing to be fucking with Russia meanwhile in the US our dams will fill our fields (now owned by China) will flood.

[Still Losing Money]

OMG, are they sayinng it will be cold in Jan and Feb? say it ain't so