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Front-month natural gas futures fell 10.3% in one day, the largest one-day drop in at least a year, after forecasts pointed to warmer January weather. Prices had risen 56% from mid-November lows.
A sharp weather-driven reversal from a rally leaves prices vulnerable to further swings as January forecasts change.
investinglive.comJan 3, 2017After 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.
Describes the 10.3% one-day fall on Jan 3 after warmer forecasts, following a 56% rally that left prices stretched and vulnerable to a demand-driven selloff.
