The six- to 10-day forecasts are colder than average, and we're seeing more cold air behind it. It's going to be very bullish for gas, and we may see a really strong rally.
More Quotes from 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.
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There will be some volatility to the market, but barring any other major disruptions, I think we'll continue to head lower in prices.
Agbeli Ameko
Weather impacts business across every segment, and this is the most innovative way to hedge that risk.
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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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