Joe Bastardi says warm early next week then two weeks of cooler than normal weather in the eastern half of the U.S. This is bearish for natural gas as a cool July means lower demand for gas for power generation. I have been living in Houston for 20 years and this is the coolest July EVER.
Watch Joe's Saturday update at http://www.weatherbell.com/
Good news for the gassers is that Joe is now forecasting a colder than normal winter ahead. He says it may be colder than last winter with the cold air going deeper into the South.