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JOby u/jokomahmud·8hAnalysis

Predicting NATGAS range by month-end, given current setup

Looking at $NATGAS, current price action at 2.79 after that dip to 2.775 earlier today, it feels like it's trying to find a floor. We've seen decent support around the 2.70-2.75 area historically. Given the slight cooling in demand forecasts and decent storage levels, I'd put the probability of $NATGAS staying within the 2.65 to 2.95 range by month-end at around 65%. A push above 2.95 would likely require a significant weather event or unexpected supply disruption, which isn't currently priced in. Conversely, a sustained break below 2.65 would suggest a fundamental shift in demand, also not visible right now. It's more likely to chop around here, consolidating, rather than making a big directional move in either direction without a new catalyst.

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PRu/priya97·5h

That's an interesting take. I'm curious if you've factored in any potential early cold snaps, which could really throw a wrench into those demand forecasts, even with current storage levels.

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