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Tuesday, August 27, 2019 11:55:12 AM
r59 provides a nice update from Celsius Energy (www.celsiusenergy.net) where there is excellent free and paid information.
FX Empire is another which is free. If you check there current articles you will see most are coalescing around the ideas that NG is 1) oversold 2) bottom base building 3) positioning for cooler weather ahead with a little bit of hurricane influence. https://www.fxempire.com/markets/natural-gas/overview.
Then there is the Farmer's Almanac fwiw: Predictions for each edition are made as far as two years in advance. The Farmers' Almanac will only state publicly that their method is an “exclusive mathematical and astronomical formula, that relies on sunspot activity, tidal action, planetary position and many other factors." The Almanac's forecaster is referred to by the pseudonym Caleb Weatherbee. According to the publishers, the true identity of the forecaster is kept secret to prevent him or her from being "badgered."
I like the first two sources.
Of course, our collective dream is to be in position when the first hint of the first cold wave of the season hits. Last year nat gas went from a base of about 40 up to about 260 in Nov. None of us will hit a perfect low and high.
I believe we are much closer to a bottom than any top, and I added a second portion today.
Hoping we clear this downtrend line:
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