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Natural gas ETFs fell as natural gas futures dropped to a five-week low on warmer-than-normal Midwest weather. Inverse gas ETFs rose, and forecasts called for above-normal temperatures in the central US into early November and a warm winter outlook.
Expectations of a warm winter reduce heating demand and weigh on gas prices, which lowers the energy cost component for feed production.
etftrends.comMax ChenOct 24, 2016After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
