Loading…
Analysts expect the upcoming EIA storage report to show a build in the range of 68 to 75 Bcf, which could cause volatility. Weather forecasts remain bearish, and storage is expected to end October about 2% above the five-year average.
A storage build above expectations and mild weather point to comfortable supply, which weighs on natural gas prices.
After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.