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Henry Hub futures rose above $4 per MMBtu as early winter cold and lean storage supported prices. The December contract settled 31.3 cents higher at $4.101, with stronger gains further along the winter strip.
Traders described the rally as driven by fear of low storage more than by a single clear catalyst.
Higher winter strip prices point to sustained upward pressure on natural gas costs for feed and grain processors. Weather model shifts could reverse some of the gains, so volatility is likely.
naturalgasintel.com13 nov 2018Tras 221 eventos alcista de clima pasados, Gas natural se movió una mediana de +3,3 % en 5 sesiones (61% al alza; mitad central entre -5,2 % y +14,0 %), y -0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The prior-day rally above $4 on early cold and lean storage set up momentum and a fear-driven bid carrying into 2018-11-14.
