# Natural Gas ETFs Strengthen on Improving Fundamentals, Winter Weather

> Natural gas futures rose about 6.2% to near $2.60 per mmBtu on Tuesday, and the UNG fund gained 2.6%. Models showed colder weather ahead, with the GFS adding more than 15 heating degree days. Analysts said a large speculative short position could be forced to cover if the heating-demand outlook held.

- Date: 2019-10-29 · published 2019-10-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12164-natural-gas-etfs-strengthen-on-improving-fundamentals-winter-weather
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Stronger heating-demand forecasts and short covering can push gas prices higher in the near term. Higher gas prices also raise power and fuel costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2019-10-28 | 1 | +8.2% | 3.0 | Colder weather model runs (GFS adding 15+ heating degree days) boosted the demand outlook and a large speculative short position risked covering, amplifying the price jump. |
| NATGAS | 2019-10-31 | 5 | +19.4% | 2.9 | Colder weather model runs (GFS adding 15+ heating degree days) lifted prices about 6% and raised the prospect of a large speculative short position covering, amplifying the rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2016-05-31 | [Natural Gas ETFs Heat Up on Warmer Weather](https://feedsoft.ai/events/7636-natural-gas-etfs-heat-up-on-warmer-weather.md) | +22.1% | +40.5% |
| NATGAS | 2019-06-24 | [Hotter Weather Trends Help Light a Fire Under Natural Gas ETFs \| ETF Trends](https://feedsoft.ai/events/58778-hotter-weather-trends-help-light-a-fire-under-natural-gas-etfs-etf-trends.md) | +6.1% | +4.2% |
| NATGAS | 2018-11-05 | [Natural Gas ETFs Burning Up in Anticipation of Winter Cold](https://feedsoft.ai/events/6490-natural-gas-etfs-burning-up-in-anticipation-of-winter-cold.md) | +14.0% | +33.5% |
| NATGAS | 2020-08-07 | [Rising Export Expectations, Warm Weather Lift Natural Gas ETFs](https://feedsoft.ai/events/10742-rising-export-expectations-warm-weather-lift-natural-gas-etfs.md) | -1.2% | +8.6% |
| NATGAS | 2018-11-14 | [Natural Gas ETFs Bring the Heat](https://feedsoft.ai/events/9435-natural-gas-etfs-bring-the-heat.md) | +11.8% | +5.6% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/natural-gas-etfs-strengthen-improving-200158324.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.