Although the previous few days of GFS models showed more seasonal temperatures across most of the continental U.S. with an artic blast initiating in the beginning of February, the latest models show above average temps persisting in the short-term and a diminishing threat of an artic blast in early February.
As always, the longer range runs of the model usually result in great inconsistencies, so this pattern will still be critical for natural gas traders and investors to watch over the next five to ten days.
The GFS 2m Temperature Anomaly is computed using a 30 year climatology (1981-2010) of the NCEP/CFSR reanalysis dataset. This forecast model is used by natural traders and investors to detect average, above average, or below average temperatures and thus natural gas demand.
Data provided by Levi Cowan at tropicaltidbits.com.