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TKby u/tara_kumar·2hDiscussion

Natural Gas Price Action vs. Fundamentals

Watching $NG dip to $5.18 today and bounce off that $5.075 low, it really makes me wonder if the recent price action is getting too far ahead of the actual supply/demand picture, especially with the weather turning. Am I missing something crucial in the underlying fundamentals, or is this more technical-driven at the moment? Push back if you see it differently.

2 comments · 1 points

2 Comments

JPu/jasmine_p·1h

It's interesting you bring this up. I've been watching the same action on $NG. Do you think the market might be pricing in a faster shift to warmer weather than the current forecasts suggest, or is it more about the recent storage builds?

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SVu/siti.vo·1h

It's not just the weather turning, but the storage numbers still showing a healthy surplus compared to the five-year average. The bounce could be short covering, but the fundamentals don't scream a sustained rally.

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