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US natural gas prices eased as forecasts pointed to lower heating demand. Traders were also watching the upcoming storage data.
Milder weather reduces expected heating demand, which weighs on Henry Hub prices and eases the cost of natural gas used in fertilizer and feed processing.
After 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.