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It seems that the days of the polar vortex are numbered and that the situation is affecting the price of natural gas.
"We are talking about moving from under-50 wind shivers in Chicago yesterday and today to more than 50 degrees this weekend," he said.
While colder temperatures than Antarctica are affecting parts of the country, traders are looking to ease natural gas trade to cope with the lighter weather next week. The commodity, which is closely related to weather conditions, has already fallen by 9% in the last five sessions.
"It is really difficult to arouse the enthusiasm of traders while there are only a few days of cold in a hot climate," he added.
Even though the weather is getting cold again in February and March, Leonard does not know if natural gas prices will hold up.
"I remember the polar winter vortex of 2014. In winter, natural gas prices were so high that year, that's because the cold was enduring." The polar vortex continued to arrive "said Leonard. "This time, it only lasts a few days, then it bounces like a yo-yo."
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