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Henry Hub front-month futures traded near $6 after a recent $7.20 high, as weather models showed possible moderation of temperatures in late November. Gelber & Associates notes a renewed Arctic outbreak could push prices back toward $7.20 or higher.
Weather model shifts toward warmer late-November temperatures reduce heating demand expectations, pressuring US natural gas prices unless colder forecasts return.
investing.comNov 10, 2022After 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.
