# Forecast Heat Not Leaving Anytime Soon; July Seen 5 Cents Higher

> July natural gas was expected to open 5 cents higher at $2.34 as a shift in weather patterns brought heat to the West and changing conditions to the East. Technical analysts laid out price targets, with the bullish case near $2.47 to $2.57.

- Date: 2016-06-01 · published 2016-06-01T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/7634-forecast-heat-not-leaving-anytime-soon-july-seen-5-cents-higher
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Forecast heat raises expected gas-fired power demand for cooling, which supports NATGAS futures in the near term.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2016-05-31 | [California Heat On Tap; July Called A Nickel Higher](https://feedsoft.ai/events/8453-california-heat-on-tap-july-called-a-nickel-higher.md) | +22.1% | +40.5% |
| NATGAS | 2018-05-22 | [Overnight Forecasts Advertise More Heat Risks; June Natural Gas Called Higher](https://feedsoft.ai/events/65196-overnight-forecasts-advertise-more-heat-risks-june-natural-gas-called-higher.md) | +2.4% | +4.8% |
| NATGAS | 2021-10-22 | [U.S. natgas up 3% on forecasts cooler weather will boost heating](https://feedsoft.ai/events/11750-u-s-natgas-up-3-on-forecasts-cooler-weather-will-boost-heating.md) | +14.0% | -2.0% |
| NATGAS | 2022-07-18 | [U.S. natgas futures jump 7% to 5-week high on hotter forecasts \| Reuters](https://feedsoft.ai/events/40666-u-s-natgas-futures-jump-7-to-5-week-high-on-hotter-forecasts-reuters.md) | +21.6% | +28.6% |
| NATGAS | 2024-07-30 | [US natgas prices jump 4% on forecast for record heat](https://feedsoft.ai/events/29450-us-natgas-prices-jump-4-on-forecast-for-record-heat.md) | -1.0% | +7.2% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/forecast-heat-not-leaving-anytime-soon-july-seen-5-cents-higher/

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