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US natural gas prices rose more than 5% as slowing production and warm weather forecasts pointed to higher power demand. Official data showed a sequential March decline in output tied to the shale oil drilling downturn.
Analysts expect Europe to absorb rising global LNG supplies from Australia and the new US LNG terminal.
Lower associated gas output and stronger summer power burn support NATGAS prices, but a persistent supply glut and rising LNG exports cap the rally.
thecorner.euPosted By: The CornerJun 3, 2016After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
