Prices could remain at or above 38 for the next one to two years.
More Quotes from Agbeli Ameko:
A lot of funds are short natural gas so they amplified the downside move. Then, the bounce was on some short covering -- classic speculative volatility.Agbeli Ameko
There's been tremendous growth in the weather market, driven by funds that are participating in cross-commodity activity.
Agbeli Ameko
Prices are being pushed lower ahead of Thursday's storage report.
Agbeli Ameko
The commercial sector is starting to realize that weather can't be an excuse for financial losses anymore.
Agbeli Ameko
Traders are essentially writing off this winter season and are now focusing on the summer, which will need the additional storage to offset an active hurricane season.
Agbeli Ameko
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