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“The strongest declines in power burn demand occurred in the midcon market (0.8 Bcf/d) and Northeast (0.7 Bcf/d) cell regions, where population weighted temperatures averaged 4.5 and 2.5 degrees Fahrenheit cooler, respectively, compared to the previous week”.
This has been the phase for most of the year – hence where price is – funny with all the climate action news quiet when its cold I get the feeling half the traders bias is still to hot hot and power burn to end all summers.
Expecting 50 with slower power ban spot price has held just below settle with 2 thrusts at downside – much resistance from 2.94 to 2.965
The reclass was resided total in storage down by 10 that is why rallied – still 53Bcf injected this week – you see people on twitter totally trying to call this a much lower build using that in front end – my guess is to satisfy their logic and position.
Natgas see on the left its testing low of cloud because its over it on 240 (middle) I am giving a chance ,,
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