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Matt Millar Profile picture
Matt Millar
@cello2econ
Decision Scientist and life enthusiast. My posts are my opinion and are not investment advice nor do they reflect the opinion of my employer.
Dec 22, 2022 • 6 tweets • 3 min read
MANIPULATION - how can natty be selling off in the middle of an arctic blast?!?
1) Wx traders trade long range forecast - that's hot
2) A steep FJ calendar spread is bearish in Dec
3) Historically oversupplied

A thread

1/
 #natgas @Ronh999 @DoombergT @NatGasGuy1 @AndreasSteno Although it is cold, that was priced in a week ago. The long term forecast is HOT - natgas wx traders are trading changes in the 6-16 day forecast, because that is where most of the forecast volatility is.
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