Much colder weather is heading to Texas next week.
Posted: Mon Jan 16, 2023 7:02 pm
https://www.zerohedge.com/commodities/u ... -unload-us
US NatGas Prices Rise As Models Suggest 'Polar Vortex To Unload On US'
BY TYLER DURDEN
MONDAY, JAN 16, 2023 - 03:15 PM
Natural gas futures bounced off 18-month lows during the holiday session period as the latest runs of long-term weather models suggest winter might not be over for the Lower 48.
US NatGas futures for February delivery moved up 21 cents to $3.63 per million British thermal units. The price is now trading above the 76.4% Fibonacci retracement level of the main drop from the high of $10 in August 2022 and the low of $1.43 in June 2020.
US NatGas Prices Rise As Models Suggest 'Polar Vortex To Unload On US'
BY TYLER DURDEN
MONDAY, JAN 16, 2023 - 03:15 PM
Natural gas futures bounced off 18-month lows during the holiday session period as the latest runs of long-term weather models suggest winter might not be over for the Lower 48.
US NatGas futures for February delivery moved up 21 cents to $3.63 per million British thermal units. The price is now trading above the 76.4% Fibonacci retracement level of the main drop from the high of $10 in August 2022 and the low of $1.43 in June 2020.