$NATGAS Weekly ... Never thought I would see it this low
in today's environment ... but here we are ... This could
easily be heading down to the 1.50 / 2 range from here, we'll see
... even if LNG export is ramping up, a very warm
winter in the North East and most of Europe actually has been
deflating the hype big time ... Europe storage are still
pretty high and we are in the upper range of the 5 year avg storage
wise in the US ... there's not much to be bullish on gas
right now ... but that's good to ease some inflationary pressure
..... heating, power bill and industries that use it as feed stock
etc...
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$NATGAS Weekly ... Never thought
Posted by mla127 on 17th of Feb 2023 at 02:01 pm
$NATGAS Weekly ... Never thought I would see it this low in today's environment ... but here we are ... This could easily be heading down to the 1.50 / 2 range from here, we'll see ... even if LNG export is ramping up, a very warm winter in the North East and most of Europe actually has been deflating the hype big time ... Europe storage are still pretty high and we are in the upper range of the 5 year avg storage wise in the US ... there's not much to be bullish on gas right now ... but that's good to ease some inflationary pressure ..... heating, power bill and industries that use it as feed stock etc...