{"id":60855,"date":"2021-12-10T06:29:56","date_gmt":"2021-12-10T11:29:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=60855"},"modified":"2021-12-10T06:29:56","modified_gmt":"2021-12-10T11:29:56","slug":"potential-polar-vortex-event-could-spark-bullish-reversal-in-natgas","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=60855","title":{"rendered":"“Potential Polar Vortex Event” Could Spark Bullish Reversal In NatGas\u00a0"},"content":{"rendered":"
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“Potential Polar Vortex Event” Could Spark Bullish Reversal In NatGas\u00a0<\/a><\/h3>\n<\/header>\n
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Since mid-October, U.S. natural gas futures have been beaten down 40%\u00a0as the narrative<\/a>\u00a0of colder weather and tight supplies quickly flipped and crushed bullish traders. As the Northern Hemisphere winter is less than two weeks away, new weather models suggest “significantly colder” temperatures could return for parts of the U.S. later this month into early 2022.<\/p>\n

Meteorologists at private weather forecasting firm\u00a0BAMWX<\/a>\u00a0expect a bullish setup for natgas futures. They say the narrative is flipping from warmer weather to the complete opposite as an Arctic polar vortex could plunge parts of the U.S. into a much colder weather pattern in January than today’s currently mild, above-trend temperatures.<\/p>\n

“Seeing an interesting pattern developing ahead leading up to Christmas and into early January ’22, as higher pressure looks to finally re-establish towards Alaska and the North Atlantic, pushing cold from the Arctic down into the US (after a record warm start to the month). If the MJO (Madden-Julian Oscillation) can continue to progress through phase 7 into 8 (and possibly into 1) mid to late December, this can also\u00a0increase the potential for a Polar Vortex displacement event, sending more consistent cold air deeper into the US\u2026a\u00a0big risk to watch for the energy markets ahead<\/u><\/strong>,”\u00a0Kirk Hinz, the chief meteorologist at BAMWX<\/a>, noted.\u00a0<\/em><\/p><\/blockquote>\n

BAMWX outlines now could be the time to find a long entry into natgas futures, or as they put it, “long UNG,” the United States Natural Gas Fund, LP. ETF. Their reasoning behind the play is quite simple:<\/p>\n

Long UNG Equity, Why? Polar Vortex Jan 2022 Northeast<\/strong> – Front-month NG1 40% drawdown in 6 weeks – Things can change on a dime but the setup is very good in our view – When you get a nice – healthy- capitulation …<\/em><\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“Potential Polar Vortex Event” Could Spark Bullish Reversal In NatGas\u00a0 Since mid-October, U.S. natural gas futures have been beaten down 40%\u00a0as the narrative\u00a0of colder weather and tight supplies quickly flipped and crushed bullish traders. As the Northern Hemisphere winter is less than two weeks away, new weather models suggest “significantly colder” temperatures could return for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[17653,1164,1148,4318],"class_list":["post-60855","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-environment","tag-natural-gas-price","tag-north-america","tag-polar-vortex","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60855"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60855\/revisions"}],"predecessor-version":[{"id":60856,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60855\/revisions\/60856"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}