Natural Gas Outlook

[dan_s]

http://www.wunderground.com/

I just checked the forecast maps at the Weather Underground website (link above). The outlook is very bullish for natural gas. It is now all but certain that gas in storage will fall below 1,800 bcf over the next two weeks and we have a good chance at 1,700 bcf by early April.

Last year the heating season ended early with over 2,400 bcf in storage on April 1.

If the storage level dips below the 5-year average it will be VERY BULLISH for gas prices.