From Natural Gas Intelligence:
June Natural Gas Called Higher as Market Seen Pivoting on Weekend Weather Changes
8:53 AM
The June natural gas contract was set to open Friday slightly higher at around $2.943/MMBtu as overnight guidance continued to advertise hot temperatures continuing through the early part of next month, according to forecasters
Last nights closing comments:
EIA Storage Build Close to Estimates as Natural Gas Futures Keep Climbing; Spot Prices Mixed
Am thinking this cool solution of the 12z GFS is putting pressure on natural gas and caused the spike down.
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