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US natural gas futures rose over 4% after forecasts showed stronger demand over the next two weeks driven by higher LNG exports. Spot prices in several US and Canadian regions fell to multi-year lows, while speculators increased net long positions.
Rising LNG feedgas demand supports the front-month price, though record storage expectations limit the upside. Feed costs tied to energy and nitrogen fertilizer may see modest support.
ca.investing.comOct 5, 2020After 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.
