6-10 and 8-14 Day National Weather Service Forecasts - Colder

It is tough to believe today's rally was based on colder forecasts.  There surely isn't much to get excited about regarding the latest 6-10 and 8-14 day NWS forecasts although they are slightly colder on the 8-14 day front. 

Today's rally was likely tied to short-covering ahead of Thursday's EIA storage report which should be the largest withdrawal for this current winter.  Some early guesstimates have been as high as 245 Bcf.  versus a draw last year of 156 Bcf and and 5-year average withdrawal of 159 Bcf.

With the one-sidedness of trade over the past 7 weeks, a big withdrawal number on Thursday could spike the market higher.  If it doesn't come, watch out below.