There will be some volatility to the market, but barring any other major disruptions, I think we'll continue to head lower in prices.
The commercial sector is starting to realize that weather can't be an excuse for financial losses anymore.
You have a transition to a warming trend. Because it's switched to warmer weather, we've seen the weather markets sell off and of course, the natural-gas markets sell off as well.
There's been tremendous growth in the weather market, driven by funds that are participating in cross-commodity activity.
Traders are essentially writing off this winter season and are now focusing on the summer, which will need the additional storage to offset an active hurricane season.
Prices could remain at or above 38 for the next one to two years.
A lot of funds are short natural gas so they amplified the downside move. Then, the bounce was on some short covering -- classic speculative volatility.
Weather impacts business across every segment, and this is the most innovative way to hedge that risk.
The six- to 10-day forecasts are colder than average, and we're seeing more cold air behind it. It's going to be very bullish for gas, and we may see a really strong rally.
Prices are being pushed lower ahead of Thursday's storage report.
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