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Natural Gas: Bullish Start For June

May 29, 2018  

It appears as if summer heat is just unstoppable. Slightly more than a week ago, on Sunday, May 20, numerical weather prediction models (12z run) showed noticeable bullish changes in the number of projected cooling degree-days (CDDs). Ever since, there has not been a single bearish change in any of the weather models and in any of the weather runs (00z, 06z and 12z) – see red rectangles in the table below (this table is updated twice per day for our subscribers). In other words, the forecast for cooling demand has been getting progressively more and more bullish for the past eight days.

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