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ING analysts say TTF rose more than 6% on Friday to near 104 euros per MWh on colder-than-usual Northwest European weather. EU storage peaked just below 75% and is declining, and the analysts expect high volatility through winter.
Cold weather and tight storage raise the risk of further gas price spikes. Higher gas costs feed through to European fertilizer production, which supports nitrogen prices.
fxstreet.comFXStreet Insights TeamNov 2, 2026After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
