Data has trended colder in the 10-15 day period since Friday. This is certainly worth watching & the risk is there, but still need to be cautious at this distance as models have struggled. Prev. 11-15 day vs. current 1-5 day. EPS was best but not nearly warm enough. #Energy
Data extending the -EPO influence is playing a big part in these colder trends. The longer the blocking can stick around the more at bay the SE ridge will be kept (vs. its warm influence into early week 2).
One note to watch is data has been killing the MJO in phase 3 (colder risk late Jan - Feb) for days, while in reality the pulse has kept moving. Phases 4/5 are warm signals with +EPO risks. More at work than just the MJO, but worth keeping an eye on it as a "wrench" to cold idea
This is just analysis and speculation, not an official forecast, but these are the type of things we discuss and analyze at @bamwxcom on a daily basis for #Energy and #NatGas, that led us to stay warmer vs. colder data ideas in what has turned into warmth the next ~7-10 days.
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