The October natural gas contract may have closed just a percent higher on the day, but the signal the natural gas market provided as a whole was far stronger. On Friday afternoons we send out our Pre-Close Update which both forecasts the weather for the next few weeks that is expected to impact the natural gas market and conducts a technical analysis to see what price action may be indicating. Our last page of the report today we found to be especially insightful today.
This information came after our weather-driven analysis, which includes Gas Weighted Degree Day forecasts for traders to either input into their own models or use to visualize recent forecasting trends. These are updated twice a day on every trading day.
Yet this is just a small piece of what our Pre-Close Update, which is available at all subscription levels, contains; we also contain expected GWDD forecasts for the next trading day, model data analysis, and a more detailed market discussion on current risks to our natural gas market sentiment.
In the meantime, we hope you have a fantastic and restful Labor Day weekend!
