Market Commentary

Weather

March 3, 2014

Now that March’s expiration is behind us and April is the prompt month, fundamental analysis should be able to regain control of the market. As such, traders and analysts will continue to closely track the short term forecasts. Presented on the right is NOAA’s 8-14 day forecast, which looks eerily similar to their 6-10 day outlook. If their prognostications are correct, the first half of March is shaping up to continue to be below normal for the entire eastern half of the country, including the key consuming regions in the Midwest and Northeast. Actual temperatures have lived up to forecasts thus far this winter and if the trend continues, the market could be in store for some potential bullish trading patterns as we approach storage levels below 1 TCF.

Weather