Natural Gas supply & demand - Oct 22

[dan_s]

Goldman Remains Bearish on NatGas Despite Colder Winter Forecasts
By ZeroHedge - Oct 22, 2024, 9:00 AM CDT
Unusually warm October weather has led to the third-lowest heating degree days since 1963, suppressing natural gas demand and prices.
Goldman Sachs advises clients to maintain short positions on natural gas futures, citing continued warm forecasts and potential for increased production.
However, the EIA and NGSA predict a colder winter than last year, which could lead to increased demand and higher prices for natural gas.

Read more: https://oilprice.com/Energy/Natural-Gas/Goldman-Remains-Bearish-on-NAtural-Gas-Despite-Colder-Winter-Forecasts.html

[aja57]

NG also looks very oversold.

[aja57]

https://www.zerohedge.com/commodities/goldman-says-short-ctapositioning-unwinds-behind-natgas-futs-spike

Looks like it begins…