The market continues to look ahead into the cold dark winter months as to where the price levels will settle. Based on the current LaNina the North East could experience a blast of cold weather through January 2022 then tapering to normal winter conditions thereafter. With the current natural gas production down almost 8% from last year, we could see natural gas prices spike to $30.00 USD/MMbtu, prices similar to the European markets a few weeks ago. This market is not over and we could experience extreme volatility over the next few months. The next short term resistance level is $5.60 USD/Mmbtu for the December 21 Nymex contract. If prices move past that level we could see price move up to $6.10 USD/Mmbtu. Enjoy the weekend and cheer for the Leafs vs Penguins game. (RS)

Scroll to Top