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The weekly outlook for the week of November 2 shows heating demand 39 degree-days below normal and storage 38 Bcf above the five-year average. Managed money is net short 206,317 contracts, and the scorecard reads mixed.
Storage above average and below-normal heating demand point to a looser US gas balance, though the large short positioning could allow short-term rebounds.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.