Nat Gas Futures Tumble on Warmer Weather Models

Nat Gas futures are set to open lower on Tuesday as weather models trend warmer, indicating a potential decrease in demand. According to NrG_Trader2210, the US and Euro weather models have both trended warmer, with the Euro model showing an 18 HDD (heating degree day) increase.

This shift is expected to result in a sizable gap lower today, with models projecting a double-digit decrease in GWDD (gross weekly demand) for the next 15 days. The current HH Spot price is below $4 and is likely to head lower as well.

NrG_Trader2210 notes that production has bounced back up after a week of frozen ground, but LNG (liquefied natural gas) production remains the only bullish catalyst, sitting above 16 BCF/d (billion cubic feet per day) for the third straight day.