The 30-hPa chart doesn't bode well for persistent anomalous cold over U.S. I expect the cold trough to break down around Christmas, and temps will be relatively warmer. Keep in mind, it's winter and typically the coldest time of year. Weather will become variable: cold front, warm front, windy, ice/snow/rain, etc.
Weather is change, so a change in the pattern means a big storm (probably midwest) just before Christmas.
Mid to end of January is when I expect the polar vortex to start cranking. If it start 'cranking' sooner, I'll post that here.
If nat-gas does short-term trading with 'expected' weather, I would say a month-long correction, but that's ignoring all other factors. That shit moves fast, and I can't trade it. IMO, it would be a buy-the-dip (or sideways chug) for the multi-year haul (especially with Trump). As I said, I'm solely saying this based off of weather/climate, there are obviously other factors to account for.
 |
