Nat Gas anyone?

It never filled the gap but not a very strong weak either (for being in the middle of winter. NatGas US storage data was very bearish but the decline started a little before that. Perhaps triggered some of the continuation. Again, higher oil prices might be supporting natgas atm.

We're seeing NatGas benefit from this winter storm hitting the US. Gapped up and still in rally-mode:

I used to have a feed of PJM contract prices at my old job. It might be interesting to see the rollover period on those contracts and if there were any significant moves out of the electricity sector. During the winter I prefer to look at electricity and nat gas together.

There are always huge opportunities to trade nat gas from about December-March.

This may be a swing and a miss.. but I think it's likely we see this volatility continue and steadily increase over the next few years - particularly weather related and not just owing to cold snaps.

Natgas is the common marginal source of electricity generation and this volume seems prone to increase with the implementation of alternatives, as many alternatives (thinking wind, solar) will see more scheduled downtime or non-generation time than traditional sources.. and I don't believe we've reached anywhere near an inflection point as it relates to the cost of power storage versus firing up a natgas plant. Until that happens - I think we'll see a healthy increase in baseline volatility.

Cold US weather and higher crude prices continue to support natural gas prices. Finishing out a relatively strong week:

This aged well!

NatGas (CME NG) continues higher after a gap up over the weekend and US getting slammed by the polar vortex. Rising crude prices hasn't hurt either.

Natural gas (CME NG) closing the week right about where it opened (on the gap):