Nice run here higher in Nat gas,the break of the $2 handle never materialized as front month now trading $2.41
lets look at a few graphs:
Lower 48 states production,with a 20 day M.A. in yellow
X/Z calendar spread impressive move higher with above average volume,Early winter expected? If spread went positive maybe I would be inclined to think that a cold start to winter is expected
H/J 2020 also on the move higher with above 5 day average volume,likely a bit of a short squeeze but I will pay more attention if the most recent highs are taken out.
Energy Scorecard today