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U.S. natural gas futures rose in early trading, supported by forecasts for cooler overnight weather and strong LNG export demand. An analyst said the December contract could see further near-term gains as it establishes a new trading range.
Cooler weather can lift domestic heating demand, while strong LNG exports draw gas away from U.S. storage. Both factors support U.S. natural gas prices.
After 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.