The heating degree days for the week ending 01/05/2013 is 236, it is 34.1% colder than last year and 6.3% colder than normal. This data will make sure that this coming NG storage report will be no longer record high. KOKO asset catches the right time!
I hate to be negative. I live in Vermont and the weather here is going to be in the 40's this weekend. We had one week of very cold temps, but who knows if that will return. It's kind of a no win situation... If the temp is cold, the stock price MIGHT go up, but so will my heating bill.
US gas futures up 2 pct on colder long-term weather 01/07 09:39 AM
* Front month remains above last week's 3-month spot low
* Long-term outlooks start to call for colder weather
* Cold should make for more big storage draws
(Adds cash prices, updates futures prices)
By Eileen HoulihanNEW YORK, Jan 7 (Reuters) - U.S. natural gas futures rose
nearly 2 percent early on Monday, a second straight session of
gains as long-term weather outlooks began to call for some
colder weather late this month and in early February, traders
Last week's larger-than-expected drawdown from winter
inventories also kept momentum to the upside, despite some
near-term milder weather that should curb heating demand in
consuming regions of the nation.
As of 9:35 a.m. EST (1435 GMT), front-month February gas
futures on the New York Mercantile Exchange were at
$3.339 per million British thermal units, up 5.2 cents, or just
under 2 percent.
The front-month contract fell to $3.05 last week, a contract
low and the lowest mark for a spot contract since late
In the cash market, gas for delivery at the NYMEX benchmark
Henry Hub in Louisiana was heard early up 9 cents at
$3.29 on light volume near just 161 million cubic feet.
Early deals firmed slightly to 3 cents under the front-month
contract, from deals done late Friday at a 6-cent discount.
Gas on the Transco pipeline at the New York citygate
, however, was heard early down about 40 cents at
$4.40 on volume near 215 mmcf.
The latest National Weather Service six-to-10-day forecast
issued on Sunday again called for above-normal temperatures for
about the eastern third of the United States, but below or
much-below-normal readings for the rest of the country.
Private forecaster MDA Weather Services called for
below-normal readings for nearly the entire country in its 11 to